Overall SG&A expenses increased $7.5 million, or 108.2%, to $14.5 million for the three months ended September 30, 2010, from $7.0 million for the comparable prior-year period. The third quarter 2010 SG&A represents an increase of 96.8% compared to $7.4 million in the first quarter 2010. As a percentage of revenue, SG&A expense increased to 16.9% for the three months ended September 30, 2010, from 8.0% for the comparable period in 2009. The primary reason for this increase was $7.2 million in bad debt expense mainly attributable to the SLE charge.The Company's days sales outstanding decreased to 55 days at September 30, 2010, from 65 days at September 30, 2009. Bad debt expense was approximately 8.6% and 0.5% of revenue for the quarters ended September 30, 2010 and 2009, respectively.
ENGlobal Reports Third Quarter Results
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