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ERT Reports Second Quarter 2009 Results
Date:7/30/2009

6,620 Cost of sales of equipment 492 26 Provision for uncollectible accounts 60 210 Share-based compensation 1,366 1,515 Deferred income taxes (360) 1,421 Changes in operating assets and liabilities: Accounts receivable (2,622) 11,987 Prepaid expenses and other (1,616) (1,277) Accounts payable (240) 683 Accrued expenses (815) (3,447) Income taxes 348 (4,602) Deferred revenues 583 1,829 Deferred rent (198) (3) ---- -- Net cash provided by operating activities 17,978 19,050 ------ ------ Investing activities: Purchases of property and equipment (5,239) (2,520) Proceeds from sales of investments 2,392 - Payments related to sale of EDC operations - (1,150) Payments for acquisition (4,798) (655) Net cash used in investing activities (7,645) (4,325) ------ ------ Financing activities: Repayment of capital lease obligations (855) (43) Proceeds from exercise of stock options 1,174 72 Stock option income tax benefit 704 62 Repurchase of comm
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