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MedQuist Reports Results for the Fourth Quarter and 2009
Date:3/12/2010

Three months For the year ended ended December 31, December 31, ------------ ------------ 2009 2008 2009 2008 ---- ---- ---- ---- GAAP operating income (loss) $7,053 $(79,558) $23,385 $(88,420) Add: Depreciation 2,086 3,049 9,504 11,950 Add: Amortization of intangible assets 1,635 1,409 6,168 5,554 Add: Cost of legal proceedings and settlements, net 1,403 1,830 14,843 19,738 Add: Acquisition related charges 1,263 - 1,263 - Add: Goodwill impairment charge - 82,233 - 82,233 Add: Restructuring charges 2,246 2,137 2,727 2,055 ------- ------- ------- ------- Adjusted EBITDA $15,686 $11,100 $57,890 $33,110 ======= ======= ======= ======= Adjusted EBITDA is a financial measure
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