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Exponent Reports Third Quarter 2008 Results

2008 and December 28, 2007

(in thousands)

September December

26, 28,

2008 2007


Current assets:

Cash and cash equivalents $18,659 $10,700

Short-term investments 33,417 53,034

Accounts receivable, net 68,132 59,819

Prepaid expenses and other assets 6,007 5,754

Deferred income taxes 4,380 3,450

Total current assets 130,595 132,757

Property, equipment and leasehold

improvements, net 31,273 29,409

Goodwill 8,607 8,607

Other assets 14,377 11,618

$184,852 $182,391

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable and accrued

liabilities $5,999 $7,139

Accrued payroll and employee

benefits 30,456 30,366

Deferred revenues 5,669 6,458

Total current liabilities 42,124 43,963

Other liabilities 5,407 4,754

Deferred rent 1,959 1,755

Total liabilities 49,490 50,472

Stockholders' equity:

Common stock 16 16

Additional paid-in capital 71,897 59,772

Accumulated other comprehensive

SOURCE Exponent, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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