Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - ERESEARCHTECHNOLOGY INC /DE/ | w81789e10vk.htm |
| EX-23.1 - EXHIBIT 23.1 - ERESEARCHTECHNOLOGY INC /DE/ | w81789exv23w1.htm |
| EX-31.2 - EXHIBIT 31.2 - ERESEARCHTECHNOLOGY INC /DE/ | w81789exv31w2.htm |
| EX-31.1 - EXHIBIT 31.1 - ERESEARCHTECHNOLOGY INC /DE/ | w81789exv31w1.htm |
| EX-32.1 - EXHIBIT 32.1 - ERESEARCHTECHNOLOGY INC /DE/ | w81789exv32w1.htm |
| EX-21.1 - EXHIBIT 21.1 - ERESEARCHTECHNOLOGY INC /DE/ | w81789exv21w1.htm |
| EX-32.2 - EXHIBIT 32.2 - ERESEARCHTECHNOLOGY INC /DE/ | w81789exv32w2.htm |
| EX-10.59 - EX-10.59 - ERESEARCHTECHNOLOGY INC /DE/ | w81789exv10w59.htm |
Exhibit 12.1
eResearchTechnology, Inc.
Statement of Computation of Ratio of Earnings to Fixed Charges
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, | ||||||||||||||||||||
| 2006 | 2007 | 2008 | 2009 | 2010 | ||||||||||||||||
(dollars
in thousands) |
||||||||||||||||||||
Income before income taxes |
$ | 13,215 | $ | 24,457 | $ | 40,125 | $ | 17,478 | $ | 14,422 | ||||||||||
Fixed charges: |
||||||||||||||||||||
Interest expense |
$ | 10 | $ | 106 | $ | 28 | $ | 1 | $ | 249 | ||||||||||
Estimated interest included in rental expense |
1,845 | 1,139 | 1,058 | 953 | 1,280 | |||||||||||||||
Total fixed charges |
$ | 1,855 | $ | 1,245 | $ | 1,086 | $ | 954 | $ | 1,529 | ||||||||||
Income before income taxes plus fixed charges |
$ | 15,070 | $ | 25,702 | $ | 41,211 | $ | 18,432 | $ | 15,951 | ||||||||||
Ratio of
earnings to fixed charges(1) |
8.12 | 20.64 | 37.95 | 19.32 | 10.43 | |||||||||||||||
| (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. |