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PDI Reports 2009 Fourth Quarter and Full Year Financial Results
Date:3/4/2010

Total Operating Expenses – Adjusted basis total operating expenses for the fourth quarter of 2009 were $9.5 million compared to $8.9 million for the same period of 2008. On a GAAP basis total operating expenses were $33.3 million for the 2009 period compared to $9.0 million for the 2008 period. Total operating expenses for the fourth quarter are higher on a GAAP basis by $24.3 million due to the inclusion of an asset impairment charge of $18.1 million related to Pharmakon business unit goodwill and intangibles and $5.7 million of facilities realignment charges primarily related to the relocation of the Company's corporate headquarters.  

  • GAAP and adjusted basis operating expenses for the fourth quarter of 2008 benefited by approximately $0.8 million from the reversal of certain franchise tax reserves for which issues were cleared in the quarter and the reduction of certain insurance related accruals due to favorable experience.
  • GAAP and adjusted basis operating expenses for the fourth quarter of 2009 increased in large part due to higher professional fees of approximately $0.7 million incurred in connection with the development of new service offerings and the continued strengthening of existing offerings.


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