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Bridgepoint Education Inc (BPI) SEC Filing 10-Q Quarterly report for the period ending Friday, June 30, 2017

Bridgepoint Education Inc

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CIK: 1305323 Ticker: BPI
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News Release
Contact: Kevin Royal, Chief Financial Officer
866.475.0317 x11120
investorrelations@bridgepointeducation.com

Bridgepoint Education Reports Second Quarter 2017 Results

SAN DIEGO (July 26, 2017) - Bridgepoint Education (NYSE:BPI), a provider of postsecondary education services, today announced its results for the three and six months ended June 30, 2017.
Financial Results for the Three Months Ended June 30, 2017
Revenue for the three months ended June 30, 2017 was $124.6 million, compared with revenue of $138.0 million for the three months ended June 30, 2016.
Operating income for the three months ended June 30, 2017 was $6.2 million, compared with operating income of $3.4 million for the three months ended June 30, 2016.
Net income for the three months ended June 30, 2017 was $6.3 million, compared with net income of $3.3 million for the three months ended June 30, 2016.
Diluted income per share for the three months ended June 30, 2017 was $0.21, compared with diluted income per share of $0.07 for the three months ended June 30, 2016.
The Company recognized income tax expense of $0.2 million for the three months ended June 30, 2017, compared with income tax expense of $0.7 million for the three months ended June 30, 2016.
Non-GAAP Financial Results for the Three Months Ended June 30, 2017
Non-GAAP operating income for the three months ended June 30, 2017 was $6.2 million, compared with non-GAAP operating income of $7.3 million for the three months ended June 30, 2016. Non-GAAP operating income for the three months ended June 30, 2016 excludes a legal settlement expense of $2.3 million and restructuring and impairment charges of $1.7 million.
Non-GAAP net income for the three months ended June 30, 2017 was $6.3 million, compared with non-GAAP net income of $5.8 million for the three months ended June 30, 2016. Non-GAAP net income for the three months ended June 30, 2016 excludes a legal settlement expense of $2.3 million, restructuring and impairment charges of $1.7 million and a tax benefit of $1.6 million.
Non-GAAP diluted income per share for the three months ended June 30, 2017 was $0.21, compared with non-GAAP diluted income per share of $0.12 for the three months ended June 30, 2016.
Financial Results for the Six Months Ended June 30, 2017
Revenue for the six months ended June 30, 2017 was $254.1 million, compared with revenue of $271.0 million for the six months ended June 30, 2016.
Operating income for the six months ended June 30, 2017 was $15.8 million, compared with operating loss of $12.9 million for the six months ended June 30, 2016.
Net income for the six months ended June 30, 2017 was $16.2 million, compared with net loss of $6.8 million for the six months ended June 30, 2016.
Diluted income per share for the six months ended June 30, 2017 was $0.44, compared with diluted loss per share

The following information was filed by Bridgepoint Education Inc (BPI) on Wednesday, July 26, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Bridgepoint Education Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets - Parenthetical
Condensed Consolidated Statement Of Stockholders' Equity
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Income
Condensed Consolidated Statements Of Income
Accounts Receivable
Accounts Receivable (change In Allowance) (details)
Accounts Receivable (details)
Accounts Receivable (tables)
Commitments And Contingencies
Commitments And Contingencies (details)
Credit Facilities
Credit Facilities (details)
Earnings (loss) Per Share
Earnings (loss) Per Share (anti-dilutive Securities) (details)
Earnings (loss) Per Share (basic And Diluted Earnings Per Share) (details)
Earnings (loss) Per Share (tables)
Earnings (loss) Per Share Earnings (loss) Per Share (share Repurchase) (details)
Income Taxes
Income Taxes (details)
Investments
Investments (details)
Investments (tables)
Lease Obligations
Lease Obligations (details)
Lease Obligations (tables)
Nature Of Business
Other Significant Balance Sheet Accounts
Other Significant Balance Sheet Accounts (accounts Payable And Accrued Liabilities) (details)
Other Significant Balance Sheet Accounts (deferred Revenue) (details)
Other Significant Balance Sheet Accounts (goodwill And Intangibles, Net) (details)
Other Significant Balance Sheet Accounts (other Long-term Liabilities) (details)
Other Significant Balance Sheet Accounts (prepaid Expenses And Other Current Assets) (details)
Other Significant Balance Sheet Accounts (property And Equipment, Net) (details)
Other Significant Balance Sheet Accounts (remaining Amortization Expense) (details)
Other Significant Balance Sheet Accounts (tables)
Regulatory
Restructuring And Impairment Charges
Restructuring And Impairment Charges (details)
Restructuring And Impairment Charges Restructuring And Impairment Charges (tables)
Stock-based Compensation
Stock-based Compensation (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies Cash And Cash Equivalents (details)
Summary Of Significant Accounting Policies Cash And Cash Equivalents (tables)
Ticker: BPI
CIK: 1305323
Form Type: 10-Q Quarterly Report
Accession Number: 0001305323-17-000061
Submitted to the SEC: Wed Jul 26 2017 4:34:57 PM EST
Accepted by the SEC: Wed Jul 26 2017
Period: Friday, June 30, 2017
Industry: Educational Services

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