XML 92 R76.htm IDEA: XBRL DOCUMENT
v3.22.4

LONG-TERM DEBT AND REDEEMABLE PREFERRED SHARES - Successor Revolving Credit Facility (Details) |  |  | 2 Months Ended | 10 Months Ended | 12 Months Ended
--- | --- | --- | --- | --- | ---
Dec. 09, 2021 USD ($) | Nov. 09, 2021 USD ($) step_down fiscal_quarter | Dec. 31, 2021 USD ($) | Nov. 08, 2021 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2020 USD ($)
Debt Instrument [Line Items] |  |  |  |  |  |
Number of commitment fee step downs | step_down |  | 2 |  |  |  |
Proceeds from revolving credit facility |  |  | $ 40,000,000 | $ 19,500,000 | $ 0 | $ 72,100,000
Repayments of long-term lines of credit |  |  | 40,000,000 | $ 19,500,000 | 0 | $ 97,100,000
The Revolving Credit Facility | Revolving Credit Facility |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt term |  | 5 years |  |  |  |
Line of credit, maximum borrowing capacity |  | $ 100,000,000 |  |  |  |
Line of credit accordion feature |  | $ 143,000,000 |  |  |  |
Line of credit, increase percentage factor |  | 100.00% |  |  |  |
Number of step downs | step_down |  | 2 |  |  |  |
Step down rate |  | 0.25% |  |  |  |
Commitment fee percentage |  | 0.50% |  |  |  |
Commitment fee step down percent |  | 0.125% |  |  |  |
Fronting fee percentage |  | 0.125% |  |  |  |
Utilization threshold |  | 40.00% |  |  |  |
Leverage ratio |  | 750.00% |  |  |  |
Number of quarters able to exercise | fiscal_quarter |  | 2 |  |  |  |
Consecutive quarters for exercise | fiscal_quarter |  | 4 |  |  |  |
Period of quarters for exercise under revolving credit facility | fiscal_quarter |  | 5 |  |  |  |
Debt issuance costs, gross |  | $ 2,300,000 |  |  |  |
Proceeds from revolving credit facility |  | 40,000,000 |  |  |  |
Repayments of long-term lines of credit | $ 40,000,000 |  |  |  |  |
Long-term line of credit |  |  | $ 0 |  | $ 0 |
The Revolving Credit Facility | Bridge Loan |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Line of credit, maximum borrowing capacity |  | 20,000,000 |  |  |  |
The Revolving Credit Facility | Letter of Credit |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Line of credit, maximum borrowing capacity |  | 25,000,000 |  |  |  |
Amount of undrawn letters of credit |  | $ 10,000,000 |  |  |  |
The Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | Revolving Credit Facility |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt interest rate |  | 3.25% |  |  |  |
The Revolving Credit Facility | Base Rate | Revolving Credit Facility |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt interest rate |  | 2.25% |  |  |  |
The Revolving Credit Facility Due 2026 - Interest Rate Option One | London Interbank Offered Rate (LIBOR) | Minimum | Revolving Credit Facility |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Basis spread on variable rate |  | 0.00% |  |  |  |
The Revolving Credit Facility Due 2026 - Interest Rate Option Two | London Interbank Offered Rate (LIBOR) | Minimum | Revolving Credit Facility |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Basis spread on variable rate |  | 1.00% |  |  |  |
The Revolving Credit Facility Due 2026 - Interest Rate Option Two | Fed Funds Effective Rate Overnight Index Swap Rate | Revolving Credit Facility |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Basis spread on variable rate |  | 0.50% |  |  |  |
The Revolving Credit Facility Due 2026 - Interest Rate Option Two | One Month London Interbank Offered Rate | Revolving Credit Facility |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Basis spread on variable rate |  | 1.00% |  |  |  |

X
- Definition Debt Instrument, Covenant, Leverage Ratio, Maximum + References No definition available. + Details
Name: | prm_DebtInstrumentCovenantLeverageRatioMaximum
Namespace Prefix: | prm_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Debt Instrument, Disallowed Exercise Of Equity Cure Right, Number Of Consecutive Fiscal Quarters + References No definition available. + Details
Name: | prm_DebtInstrumentDisallowedExerciseOfEquityCureRightNumberOfConsecutiveFiscalQuarters
Namespace Prefix: | prm_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Debt Instrument, Disallowed Exercise Of Equity Cure Right, Number Of Fiscal Quarters + References No definition available. + Details
Name: | prm_DebtInstrumentDisallowedExerciseOfEquityCureRightNumberOfFiscalQuarters
Namespace Prefix: | prm_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Debt Instrument, Disallowed Exercise Of Equity Cure Right, Number Of Fiscal Quarters During Credit Facility Term + References No definition available. + Details
Name: | prm_DebtInstrumentDisallowedExerciseOfEquityCureRightNumberOfFiscalQuartersDuringCreditFacilityTerm
Namespace Prefix: | prm_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Debt Instrument, Margin Step Down Rate + References No definition available. + Details
Name: | prm_DebtInstrumentMarginStepDownRate
Namespace Prefix: | prm_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Debt Instrument, Number Of Margin Step Downs + References No definition available. + Details
Name: | prm_DebtInstrumentNumberOfMarginStepDowns
Namespace Prefix: | prm_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Debt Instrument, Utilization Threshold Of Aggregate Commitments + References No definition available. + Details
Name: | prm_DebtInstrumentUtilizationThresholdOfAggregateCommitments
Namespace Prefix: | prm_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line Of Credit Facility, Accordion Feature, Increase Limit + References No definition available. + Details
Name: | prm_LineOfCreditFacilityAccordionFeatureIncreaseLimit
Namespace Prefix: | prm_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Line Of Credit Facility, Commitment Fee Percentage, Number Of Margin Step Downs + References No definition available. + Details
Name: | prm_LineOfCreditFacilityCommitmentFeePercentageNumberOfMarginStepDowns
Namespace Prefix: | prm_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line of Credit Facility, Commitment Fee Percentage, Step Down Rate + References No definition available. + Details
Name: | prm_LineOfCreditFacilityCommitmentFeePercentageStepDownRate
Namespace Prefix: | prm_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line Of Credit Facility, Fronting Fee Percentage + References No definition available. + Details
Name: | prm_LineOfCreditFacilityFrontingFeePercentage
Namespace Prefix: | prm_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line Of Credit Facility, Increase Limit, Percentage Of Consolidated EBITDA + References No definition available. + Details
Name: | prm_LineOfCreditFacilityIncreaseLimitPercentageOfConsolidatedEBITDA
Namespace Prefix: | prm_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentTerm
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of unused borrowing capacity under the long-term financing arrangement that is available to the entity as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(b)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentUnusedBorrowingCapacityAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount, before accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28555-108399 + Details
Name: | us-gaap_DeferredFinanceCostsGross
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 + Details
Name: | us-gaap_LineOfCredit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The fee, expressed as a percentage of the line of credit facility, for the line of credit facility regardless of whether the facility has been used. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityCommitmentFeePercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The cash inflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3255-108585 + Details
Name: | us-gaap_ProceedsFromLongTermLinesOfCredit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The cash outflow for the settlement of obligation drawn from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3291-108585 + Details
Name: | us-gaap_RepaymentsOfLongTermLinesOfCredit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_DebtInstrumentAxis=prm_RevolvingCreditFacilityDue2026Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_BridgeLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_LetterOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_BaseRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=prm_TheRevolvingCreditFacilityDue2026InterestRateOptionOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=prm_TheRevolvingCreditFacilityDue2026InterestRateOptionTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_FederalFundsEffectiveSwapRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=prm_OneMonthLondonInterbankOfferedRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |