XML 52 R41.htm IDEA: XBRL DOCUMENT v3.25.0.1

Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Information with Respect to Outstanding and Exercisable Stock Options

The following table summarizes information with respect to all outstanding and exercisable stock options under all of our plans as of December 31, 2024:

Options Outstanding												Options Exercisable
Number of Options Outstanding				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term (in Years)				Number Exercisable				Weighted Average Exercise Price
	79,992			$	3.93				0.38				79,992			$	3.93
	84,516			$	5.96				1.39				84,516			$	5.96
	9,308			$	7.22				1.85				9,308			$	7.22
	14,932			$	8.30				2.18				14,932			$	8.30
	56,355			$	9.69				2.39				56,355			$	9.69
	62,064			$	13.80				3.18				62,064			$	13.80
	40,085			$	15.39				3.41				40,085			$	15.39
	35,964			$	21.29				4.61				35,964			$	21.29
	383,216			$	9.90				2.17				383,216			$	9.90

Summary of Total Stock Based Compensation Expense

Stock-Based Compensation Expense. Total stock-based compensation expense for the years ended December 31, 2024, 2023 and 2022 for all types of awards was as follows (dollars in thousands):

		December 31,
Award Type		2024				2023				2022
Stock options		$	-			$	-			$	89
Restricted stock units settled in stock			10,174				8,064				8,648
Total stock-based compensation expense		$	10,174			$	8,064			$	8,737

Restricted Stock Units [Member]

Schedule of Information with Respect to all Outstanding Restricted Stock

The following table summarizes information with respect to all outstanding restricted stock units to be settled in shares of stock under our plans during the years ended December 31, 2024, 2023 and 2022:

		Restricted Stock to be Settled in Shares of Stock
		Units				Weighted Average Grant-Date Fair Value Per Unit
Outstanding as of December 31, 2021			1,463,193			$	14.87
Granted			739,476				10.46
Vested			(504,223	)			17.34
Forfeited			(84,236	)			12.93
Outstanding as of December 31, 2022 (1)			1,614,210			$	12.18
Granted (1) (2)			741,223				13.58
Vested			(530,819	)			14.15
Forfeited			(293,408	)			12.11
Outstanding as of December 31, 2023 (1) (2)			1,531,206			$	12.19
Granted (1)			495,529				17.94
Vested			(582,112	)			12.20
Forfeited			(53,454	)			14.94
Outstanding as of December 31, 2024 (1)			1,391,169			$	14.13

_________________

(1) 194,751, 230,340 and 287,412 of performance-based restricted stock units granted during 2024, 2023 and 2022, respectively, and which are still outstanding as of December 31, 2024, are subject to a 200% maximum payout based on certain performance metrics.

(2) The change in the originally reported 2023 grants was due to an adjustment made to one of the grants.

Stock Options [Member]

Summary of Stock Option Activity

Stock option activity during the years ended December 31, 2024, 2023 and 2022 under our plans was as follows:

		Options				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term				Aggregate Intrinsic Value (in thousands)
Outstanding as of December 31, 2021			995,091			$	9.02
Granted			-				-
Exercised			(144,009	)			6.46							$	635
Forfeited			-				-
Cancelled			-				-
Outstanding as of December 31, 2022			851,082			$	9.45
Granted			-				-
Exercised			(309,819	)			7.35							$	2,860
Forfeited			-				-
Cancelled			-				-
Outstanding as of December 31, 2023			541,263			$	10.65
Granted			-				-
Exercised			(158,047	)			12.48							$	1,183
Forfeited			-				-
Cancelled			-				-
Outstanding as of December 31, 2024			383,216			$	9.90				2.17			$	6,349
Exercisable as of December 31, 2024			383,216			$	9.90				2.17			$	6,349

X

- Definition

Tabular disclosure of the expense recorded for each type of stock-based compensation.

+ References

No definition available.

+ Details

Name:	prdo_ScheduleOfShareBasedExpenseTableTextBlock
Namespace Prefix:	prdo_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_AwardTypeAxis=us-gaap_RestrictedStockUnitsRSUMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_DeferredCompensationArrangementWithIndividualShareBasedPaymentsByTypeOfDeferredCompensationAxis=us-gaap_EmployeeStockOptionMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: