Q2 2023 Perdoceo Education Corp Earnings Call

Contributing sentiments towards policy:

54% : On June 30, 2023, we closed the sale of those rights in exchange for 1.8 million shares of Perdoceo common stock, resulting in a noncash gain of $22.1 million or approximately $0.24 per diluted share net of tax.
51% : For the second quarter, we recorded a provision for income taxes of $19.9 million, which incorporates the accruals for federal and state corporate net income tax, resulting in an effective tax rate of 26.7%.
51% : Also included in the provision for income taxes was a onetime discrete tax expense of $5.3 million related to the gain on sale of the Le Cordon Bleu tradename.
43% : Now to income taxes.

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