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Condensed Consolidated Statements of Income
(In thousands, except per share data)
(Unaudited)
Three Months Ended Nine Months Ended
September 30 September 30
2008 2007 2008 2007
Net service revenues $124,828 $100,070 $365,941 $293,311
Reimbursable out-of-pocket
revenues 56,254 42,366 151,346 120,864
Total revenues 181,082 142,436 517,287 414,175
Costs and expenses:
Direct costs 64,070 49,119 186,763 150,062
Reimbursable out-of-pocket costs 56,254 42,366 151,346 120,864
Selling, general and
administrative expenses 40,649 32,830 122,009 94,571
Depreciation and amortization 4,240 3,876 11,245 11,065
Total costs and expenses 165,213 128,191 471,363 376,562
Income from operations 15,869 14,245 45,924 37,613
Other income (expense):
Interest expense (2,237) (3,316) (7,432) (11,988)
Interest income 94 341 483 1,108
Write-off of deferred financing
costs - (4,152) - (4,152)
Other 3,364 (2,076) (815) (4,388)
Total other income (expense) 1,221 (9,203) (7,764) (19,420)
Income before income taxes 17,090 5,042 38,160 18,193
Income taxes 6,114 1,256 13,725 5,872
Net income $10,976 $3,786 $24,435 $12,321
Income per share
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