Attached files
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EXCEL - IDEA: XBRL DOCUMENT - ERESEARCHTECHNOLOGY INC /DE/ | Financial_Report.xls |
EX-32.1 - STATEMENT OF CHIEF EXECUTIVE OFFICER - ERESEARCHTECHNOLOGY INC /DE/ | d278996dex321.htm |
EX-32.2 - STATEMENT OF CHIEF FINANCIAL OFFICER - ERESEARCHTECHNOLOGY INC /DE/ | d278996dex322.htm |
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER - ERESEARCHTECHNOLOGY INC /DE/ | d278996dex312.htm |
EX-23.1 - CONSENT OF KPMG LLP - ERESEARCHTECHNOLOGY INC /DE/ | d278996dex231.htm |
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER - ERESEARCHTECHNOLOGY INC /DE/ | d278996dex311.htm |
EX-10.14 - BONUS PLAN - ERESEARCHTECHNOLOGY INC /DE/ | d278996dex1014.htm |
10-K - FORM 10-K - ERESEARCHTECHNOLOGY INC /DE/ | d278996d10k.htm |
Exhibit 12.1
eResearchTechnology, Inc.
Statement of Computation of Ratio of Earnings to Fixed Charges
The following table sets forth our ratio of earnings to fixed charges for the period indicated:
Year Ended December 31, | ||||||||||||||||||||
2007 | 2008 | 2009 | 2010 | 2011 | ||||||||||||||||
(dollars in thousands) | ||||||||||||||||||||
Income before income taxes |
$ | 24,457 | $ | 40,125 | $ | 17,478 | $ | 14,422 | $ | 18,422 | ||||||||||
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Fixed charges: |
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Interest expense |
$ | 106 | $ | 28 | $ | 1 | $ | 249 | $ | 364 | ||||||||||
Estimated interest included in rental expense |
1,139 | 1,058 | 953 | 1,280 | 1,176 | |||||||||||||||
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Total fixed charges |
$ | 1,245 | $ | 1,086 | $ | 954 | $ | 1,529 | $ | 1,540 | ||||||||||
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Income before income taxes plus fixed charges |
$ | 25,702 | $ | 41,211 | $ | 18,432 | $ | 15,951 | $ | 19,962 | ||||||||||
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Ratio of earnings to fixed charges (1) |
20.64 | 37.95 | 19.32 | 10.43 | 12.96 | |||||||||||||||
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(1) | In computing the ratio of earnings to fixed charges: (i) earnings were our income before income taxes plus fixed charges and (ii) fixed charges were the sum of our interest expense and the estimated interest component included in our rental expense. We do not present ratios of earnings to combined fixed charges and preferred stock dividend requirements because we did not have any outstanding preferred stock in any of the periods indicated. |