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   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Fixed charges:

              

Interest expense

   $ 106       $ 28       $ 1       $ 249       $ 364   

Estimated interest included in rental expense

     1,139         1,058         953         1,280         1,176   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total fixed charges

   $ 1,245       $ 1,086       $ 954       $ 1,529       $ 1,540   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Income before income taxes plus fixed charges

   $ 25,702       $ 41,211       $ 18,432       $ 15,951       $ 19,962   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Ratio of earnings to fixed charges (1)

     20.64         37.95         19.32         10.43         12.96   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

(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.