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Document And Entity Information
Dec. 02, 2024
Cover [Abstract]  
Document Type 8-K/A
Amendment Flag true
Document Period End Date Dec. 02, 2024
Entity Registrant Name Perdoceo Education Corporation
Entity Central Index Key 0001046568
Entity Emerging Growth Company false
Entity File Number 0-23245
Entity Incorporation, State or Country Code DE
Entity Tax Identification Number 36-3932190
Entity Address, Address Line One 1750 E. Golf Road
Entity Address, City or Town Schaumburg
Entity Address, State or Province IL
Entity Address, Postal Zip Code 60173
City Area Code 847
Local Phone Number 781-3600
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $0.01 par value
Trading Symbol PRDO
Security Exchange Name NASDAQ
Amendment Description As previously disclosed by Perdoceo Education Corporation, a Delaware corporation (the “Company”) on December 2, 2024 (the “Closing Date”), the Company completed its previously announced acquisition of University of St. Augustine Parent Corp., a Delaware corporation (“USAPC”), pursuant to the Agreement and Plan of Merger (the “Merger Agreement”) with Lighthouse Merger Sub, Inc., a Delaware corporation and a wholly-owned direct subsidiary of the Company (“Merger Sub”), USAPC, and APH GP LP, an Ontario limited partnership, solely in its capacity as seller representative. USAPC is the 100% indirect owner of University of St. Augustine for Health Sciences, LLC.  Pursuant to the terms of the Merger Agreement, on the Closing Date, Merger Sub merged with and into USAPC (the “Merger”), with USAPC surviving the Merger as a wholly-owned direct subsidiary of the Company. The Company paid an aggregate cash purchase price of $137.8 million, which is subject to customary post-closing adjustments and escrow arrangements. On December 2, 2024, the Company filed a Current Report on Form 8-K (the “Initial Form 8-K”) with the Securities and Exchange Commission (the “SEC”) disclosing that it had consummated the Merger and that the financial statements required by Item 9.01(a) and the pro forma financial information required by Item 9.01(b) of Current Report on Form 8-K would be filed by amendment. This Amendment No. 1 to Current Report on Form 8-K (this “Amended Form 8-K”) amends the Initial Form 8-K to provide the required financial statements and pro forma financial information. This Amended Form 8-K should be read in conjunction with the Initial Form 8-K and the Company’s other filings with the SEC. Except as stated herein, this Amended Form 8-K does not reflect events occurring after the filing of the Initial Form 8-K with the SEC on December 2, 2024 and no attempt has been made in this Amended Form 8-K to modify or update other disclosures as presented in the Initial Form 8-K.