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ERT Reports Third Quarter 2011 Operating Results
Date:10/27/2011

br>.06$
.09$
.12$
.19Shares used in computing net income per share:Basic48,86049,23448,78949,092Diluted49,25849,31149,16249,297eResearchTechnology, Inc. and SubsidiariesConsolidated Balance Sheets(in thousands, except share and per share amounts)(unaudited)December 31, 2010September 30, 2011ASSETSCurrent assets:Cash and cash equivalents$
30,343$
29,535Short-term investments5050Investment in marketable securities648810Accounts receivable less allowance for doubtful accountsof $515 and $549, respectively37,23640,456Inventory4,69810,591Prepaid income taxes1,9882,091Prepaid expenses and other4,3935,294Deferred income taxes3,4313,548Total current assets82,78792,375Property and equipment, net42,61551,761Goodwill71,63775,230Intangible assets17,18713,080Other assets609691Total assets$
214,835$
233,137LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable$
7,136$
,147Accrued expenses16,16214,105Deferred revenues11,67013,599Total current liabilities34,96833,851Deferred rent2,3682,450Deferred income taxes3,7034,727Long-term debt21,00021,000Other liabilities2,1411,998Total liabilities64,18064,026Stockholders' equity:Preferred stock-$10.00 par value, 500,000 shares authorized,none issued and outstanding--Common stock-$.01 par value, 175,000,000 shares authorized,,460,782 and 60,837,849 shares issued, respectively605608Additional paid-in capital100,441103,487Accumulated other comprehensive (loss) income(1,545)4,707Retained earnings131,037140,238Treasury stock, 11,589,603 and 11,596,966 shares at cost (79,883)(79,929)Total stockholders' equity150,655169,111Total liabilities and stockholders' equity$
214,835$
233,137eResearchTechnology, Inc. and SubsidiariesConsolidated Statements of Cash Flows(in thousands)(unaudited)Nine Months Ended September 30,20102011Operating activities:   Net income$
5,751$
9,201   Adjustments to reconcile net income to net cashprovided by operating activities:Depreciation and amortization12
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SOURCE ERT
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