PERDOCEO EDUCATION Corp PP&E Disclosure
The cost basis and estimated useful lives of property and equipment as of December 31, 2025 and 2024 are as follows (dollars in thousands):
|
|
December 31, |
|
|
|
|||||
|
|
2025 (1) |
|
|
2024 (1) |
|
|
Life |
||
Computer hardware and software |
|
$ |
58,475 |
|
|
$ |
53,963 |
|
|
3-5 years |
Leasehold improvements |
|
|
39,371 |
|
|
|
37,237 |
|
|
|
Furniture, fixtures and equipment |
|
|
18,490 |
|
|
|
15,886 |
|
|
5-10 years |
Building and improvements (2) |
|
|
52,445 |
|
|
|
9,163 |
|
|
15-35 years |
Other |
|
|
23 |
|
|
|
22 |
|
|
5-10 years |
Construction in progress (2) |
|
|
1,418 |
|
|
|
46,729 |
|
|
|
|
|
|
170,222 |
|
|
|
163,000 |
|
|
|
Less-accumulated depreciation |
|
|
(86,908 |
) |
|
|
(67,492 |
) |
|
|
Total property and equipment, net |
|
$ |
83,314 |
|
|
$ |
95,508 |
|
|
|
___________________
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 19, 2026 | Showing above |
| 2024 | Feb 18, 2025 | |
| 2023 | Feb 21, 2024 | |
| 2022 | Feb 23, 2023 | |
| 2021 | Feb 24, 2022 | |
| 2020 | Feb 24, 2021 | |
| 2019 | Feb 19, 2020 | |
| 2018 | Feb 20, 2019 | |
| 2017 | Feb 21, 2018 | |
| 2016 | Feb 23, 2017 | |
| 2015 | Feb 29, 2016 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.