Education Management 10K 2010 Annual report | SEC Filing

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: abandon, abroad, absence, accreditor, ACG, adjunct, Adrian, afforded, al, Alabama, allegedly, alleviate, Allied, alter, altogether, anniversary, annum, APA, Apollo, appeal, appoint, aqui, arbitration, Architectural, arm, aspect, assert, attach, Attorney, Baccalaureate, bankrupt, bankruptcy, BC, Beekhuizen, beta, billion, binding, breach, breadth, broadband, broadly, broker, burden, cap, Capella, CAPM, captionCovenant, captionedBuchanan, captionFederal, captured, card, Carlo, casualty, caution, CDW, chart, Chicago, cited, climate, CMC, Codification, collateral, commensurate, comment, Commonwealth, comparison, compelled, complaint, complementary, complexity, compounded, compromising, concert, conclusion, condemnation, condensed, confidential, consent, consortium, consumer, consummated, consummation, contest, context, Corporationand, Corporationfiled, counted, country, coupled, covenant, coverage, curve, DCF, deal, deceptive, deflation, depicted, deter, deterring, DeVry, differentiate, differentiation, diminish, diminished, disadvantage, discourage, discovered, discretionary, disproportionately, dissatisfaction, dissatisfied, distraction, double, downturn, draft, Drafting, drew, driven, easier, easily, EBITDA, economy, elapsed, EM, enacted, enactment, England, enlargement, entirety, entitledValuation, environment, epidemic, erosion, exculpation, exhausted, explanation, explicit, extinguishment, extraordinary, extrapolating, face, facilitate, fact, false, fifteen, filmmaking, forbearance, Ford, forfeited, forfeiture, format, Francisco, GAAP, Gaer, GAO, Global, goal, Goldman, Gordon, graph, greatly, handle, harbor, Hawaii, hidden, Hierarchy, highlighting, history, HLC, home, host, hourly, hurt, hyperinflation, Ibbotson, immaterial, impede, imposition, impossible, inactive, InAdibian, inadvertently, inception, inclusion, inclusive, incomplete, increasingly, influenza, instability, institutionally, instructor, intensify, interactive, interruption, intervene, intervention, inThe, issuable, ITT, joining, joint, jointly, Journal, Journalor, judicial, justice, Labor, Labour, language, leaseback, leave, legislature, lessee, LIBOR, LLC, load, LTIC, Mae, maker, malfunction, mandatory, margin, Marilyn, math, median, member, merge, merit, methodology, Mick, misappropriate, mislead, misleading, misrepresentation, misuse, mode, Monte, Morningstar, necessarily, NEIA, NexTag, nominate, Northern, notification, notional, notwithstanding, NPRM, nursing, observable, occurrence, ofAdibian, ofBuirkle, ofCapalbo, older, onground, optimally, oral, organizational, outbreak, outlook, overlap, oversee, parent, passage, passive, PBCL, pending, penetration, PeopleScout, pharmacy, plaintiff, platform, pledged, pool, poor, posed, poverty, preamble, precautionary, precluding, precondition, Predecessor, preferential, premium, prepay, prepayment, prerequisite, preserve, prestige, prevailing, prime, priority, privacy, probation, probationary, proceed, processed, processing, professor, prohibit, prohibited, prohibiting, prohibition, prohibitively, prone, proper, proportion, proportionately, prorated, proximity, punitive, purport, quantity, question, questionable, qui, quoted, rank, ratably, reaccredit, readily, reapply, recession, recur, recurring, redeem, redeemable, redeemed, referenced, regular, regularly, reliance, relief, remanded, repeated, residential, restore, restructure, restructuring, revalued, revoked, rigor, rigorously, risen, rollforward, routine, routinely, royalty, rulemaking, SABC, safe, Sallie, SBBI, scale, scheme, science, scrutiny, Senate, sensitive, side, simplified, simulation, SLM, slowdown, smart, soft, solution, sought, speculative, spent, spread, stability, statute, stay, stayed, step, stimulate, stop, storage, strategic, Strayer, Street, stringent, strip, strongly, StudentAid, StudentScout, subordinated, subtracting, Successor, sudden, superseded, supplementary, surety, surviving, sustain, sustainable, sustained, swap, tailor, Talent, tam, tamaction, teamwork, tenure, terrorist, theBuirklecase, theft, theory, thereunder, thing, thirty, thisForm, threat, threshold, tightened, tradename, traffic, transitionary, transmission, transparency, travel, treatment, treble, trued, trustee, turn, unacceptable, unaffiliated, unavailability, uncertain, unconditionally, undercover, undertaken, undrawn, unemployment, unfair, unidentified, uniform, unpaid, unprecedented, unrealized, unsealed, unspecified, unsubsidized, unsuccessful, unsure, unusual, unusually, unutilized, update, updated, upgrade, user, videotape, vigorously, WACC, wage, Wall, warn, warning, weak, wealth, weekly, wholly, widespread, window, winter, withdrew, Workbook, workplace, worldwide, worsen, worsening, yearly, yield

Removed: Academy, acquiring, admitting, agent, AII, alert, Andersen, announcement, appraisal, arose, arranged, Arthur, atwell, auditing, balloon, BAMCO, Bar, Baron, bearing, Bradley, broadened, Bulletin, buy, campbell, ceased, Chase, ChaseMellon, commenced, commencement, concentrated, Connie, contract, conversion, culminating, Danny, death, deduction, deny, deriving, dilution, disability, distributed, distribution, document, Dubrulle, duly, earning, EMC, entitle, equaled, equivalent, escrow, ESOP, exceeding, exercisable, exhibit, expedite, FIDER, Finuf, Fire, Fleet, forma, formalized, functioning, furniture, FWS, garcia, Gerard, grown, guaranteeing, heading, herewith, holder, Hotel, IBK, identification, inapplicable, independently, industrial, influencing, instituted, intercompany, interested, investing, JPMorgan, jr, Karen, KECALP, knowledge, knutson, Korfmann, LBO, LLP, Lynch, Marine, Markovitz, martin, Masin, matched, mcdowell, mckernan, Mellon, Merrill, michael, Midland, Midwest, minimize, miryam, mortgage, multimedia, Mutual, NCPT, newer, Northwestern, Offshore, Ohio, omitted, Ontario, overseen, owner, PA, page, Palmer, paragraph, Paralegal, partner, partnership, pasman, payroll, Philadelphia, photography, plant, production, prospectively, Qualifying, realizable, reauthorize, recertify, Reform, regain, region, release, renamed, resort, Restatement, robert, Ronald, Russell, Signatory, Stephen, submitted, summarize, Suntrust, Syndication, teaching, thereto, thereunto, Toronto, tracking, Trust, uncollectable, unconsolidated, undersigned, Union, usage, video, visual, Wachovia, Walter, York


	Predecessor			Successor
	July 1, 2005			June 1, 2006
	through May 31,			through June 30,			Year Ended June 30,
	2006			2006			2007			2008			2009			2010

Computation of fixed charges
Interest expense	$	0.8		$	13.8		$	175.2		$	164.1		$	157.1		$	123.9
Amortization of debt issuance costs		1.3			0.6			7.7			7.7			7.8			8.1
Portion of rental expense representative of interest		18.5			1.9			22.3			27.1			30.8			35.8

Total fixed charges	$	20.6		$	16.3		$	205.2		$	198.9		$	195.7		$	167.8


Computation of earnings (loss)
Income (loss) before income taxes	$	174.0		$	(32.1	)	$	59.3		$	105.8		$	165.4		$	250.3
Fixed charges per above		20.6			16.3			205.2			198.9			195.7			167.8

Total earnings (loss)	$	194.6		$	(15.8	)	$	264.5		$	304.7		$	361.1		$	418.1
Ratio of earnings (loss) to fixed charges		9.4	X		(1.0	)X		1.3	X		1.5	X		1.8	X		2.5	X


*		Earnings for the period June 1 through June 30, 2006 were inadequate to cover fixed charges by $32.1 million.

Education Management Inactive 10-K2010 FY Annual report

Content analysis