PREPARED:

August 5, 2010

INDUSTRY:

Telecommunications

REVENUE RANGE:

$500 million - $1 billion

Copyright © 2010, CFO Publishing LLC

Use of this report is subject to the terms and conditions provided at the end of this report.

For more information, go to cfo.com/fees

CIENA CORP

CIENA CORP, Telecommunications, $500 million - $1 billion

What's in This Report

This report provides a comprehensive benchmark of your company's audit fees over the three-year period for whichcomplete data is available.

A key feature of this report is the ability to exclude outliers that can skew results by inflating or lowering audit fees.Such red flags include restatements, management- or auditor-reported control failures, and auditor changes. In theonline version, use the red-flag toggle button to switch between views that include or exclude red flags. In most cases,you will find it preferable to exclude red flags (your print copy displays these views first), but it can be useful to includered flags if, for example, your company experienced one or more of these events, or if you wish to see the impact onyour industry.

The Summary section:

provides an immediate benchmark of what your company pays and how that compares with fees paid by yourselected peer group.

Each year contains the following analyses:

The Auditor section: analyzes what each auditor charges your peer group and how much those fees varied.estimates what each firm hypothetically would charge your company.shows you each auditor's market share within your peer group.

The Red Flag section: analyzes how outlier events (red flags) affect audit fees within your industry and peer group.provides a summary of red flags within your peer group.

The Data section: provides a complete list of the companies in your peer group, their individual audit firms, fees, and additionaldata used in the report analysis.

August 5, 2010 www.cfo.com/fees Page 2 of 51Copyright © 2010, CFO Publishing LLC

Summary: How Much Do You and Your Peer Group Pay for Audits?

The blue bars on this chart show how much your company paid as a percent of revenue over each of the past threeyears. The green bars show the average audit fees paid as a percent of revenue during the same period by thecompanies in your peer group.

The peer group analyzed here excludes companies with red flags, that is, restatements, control failures (reportedby auditors or management), or auditor changes that could cause their audit fees to skew abnormally high or low.

August 5, 2010 www.cfo.com/fees Page 3 of 51Copyright © 2010, CFO Publishing LLC

Summary: How Many Red-Flag Events Occurred within Your Peer Group?

A key feature of this report is the ability to exclude outliers that can skew results by inflating or lowering audit fees.Such red flags include financial restatements, management- or auditor-reported control failures, and auditor changes.

The number of red flags in your peer group appears in this table, but you can find more detailed information aboutred flags by viewing individual years with red flags included. In the online version, you can use the red-flag togglebutton to switch between views that include or exclude red flags.

In most cases, you will want to exclude red flags (your print copy displays these views first), but it can be useful toinclude red flags if, for example, your company experienced one or more of these events, or if you wish to see theimpact on your industry.

Type of Red-Flag Event 2007 2008 2009

Restatements 5 2 2

Management-reported control failures 3 4 2

Auditor-reported control failures 3 4 2

Auditor changes 0 4 9

Number of companies 7 8 10

Some companies may have multiple red flags, so the number of individual red flags shown here may add up to more than the total number of companies with redflags.

August 5, 2010 www.cfo.com/fees Page 4 of 51Copyright © 2010, CFO Publishing LLC

Auditors: Analysis of Individual Firm Fees

This analysis shows how many companies in your peer group were audited by each auditor, and how much eachauditor's fees varied (as a percent of each client's revenue). Companies with red flags that might artificially inflatefees have been excluded from this analysis.

This table also estimates what each auditor listed hypothetically would have charged your company. This estimateis calculated by multiplying your company's revenue for the year by the average percent of revenue charged by eachauditor. This estimate has not been approved or verified by the firms themselves.

(CIEN) 2009 Audit Fees $2,180,000(CIEN) 2009 Revenue $652,629,000(CIEN) 2009 Audit Fees as a Percentage of Revenue 0.334738

Audit Firm

#of

ClientsMax(%)

Min(%)

Range(%)

Average(%)

StandardDeviation

(%)

(CIEN)HypotheticalAudit Fee

BDO 2 0.337 0.325 0.012 0.329 0.009 $2,149,845

D&T 7 0.394 0.101 0.294 0.198 0.111 $1,292,418

E&Y 10 0.450 0.082 0.369 0.195 0.103 $1,274,517

GT 1 N/M N/M N/M 0.144 N/M $942,560

KPMG 11 0.384 0.083 0.301 0.182 0.095 $1,188,251

PWC 7 0.481 0.080 0.401 0.319 0.129 $2,085,127

Regional and Local Firms 1 N/M N/M N/M 0.193 N/M $1,258,362

Peer Group 39 0.481 0.080 0.401 0.222 0.111 $1,445,841

The hypothetical audit fee is calculated by applying the average audit fee charged to your company's revenue. The firms listed have not approved or verified thisestimate.

The top eight firms audit approximately 65% of the market cap of all publicly traded companies. There are more than 100 other firms, but many have only one or twoclients. To provide meaningful comparisons and fee ranges, this report aggregates firms below the top eight into a "Regional & Local Firms" category. A completelisting of companies in your peer group and the names of all individual firms appear below.

August 5, 2010 www.cfo.com/fees Page 5 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2009

Auditors: Individual Firm Fees as a Percentage of Client Revenue

This chart shows the average audit fee (as a percent of revenue) that each auditor charged the companies in yourpeer group.

The peer group analyzed here excludes companies with red flags, that is, restatements, control failures (reportedby auditors or management), or auditor changes that could cause their audit fees to skew abnormally high or low.

The lowest bar on the chart represents what your audit firm charged your company. (If your company paid morethan one auditor during the year, the audit fee shown represents the total amount it paid as a percent of revenue.)

2009

August 5, 2010 www.cfo.com/fees Page 6 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2009

Auditors: Market Share

This chart shows the market share held by each audit firm in your peer group. Market share for each firm iscalculated as the number of clients served as a percent of total number of clients within the peer group.

Note: This market share analysis is calculated after excluding from the peer group any companies whose auditsresulted in red flags. As a result, this chart may not accurately represent the full market share held by each audit firmfor this industry. To see a complete market share analysis, view the version of this chart that includes red flags.

2009 Market Share Analysis

August 5, 2010 www.cfo.com/fees Page 7 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2009

Red Flags: How Outliers Affect Audit Fees

This graph shows how audit fees are affected by outliers (red flags) such as restatements, control failures, andauditor changes.

From top to bottom, the bars show average audit fees paid by:

your entire industry, excluding red flagsyour peer group, excluding red flagsall red-flag companies in your industry as a wholeall red-flag companies in your peer group

Note: Not all bars appear if your industry or peer group has no red flags.

How Red Flags Affected Audit Fees in the Telecommunications Industry in 2009

August 5, 2010 www.cfo.com/fees Page 8 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2009

Data: Your Peer Group

The following shows a list of companies in your selected peer group, as well as their individual audit firms and dataregarding what each company paid for audit and audit-related fees. Red-flag companies are excluded from this list.A full list appears in the "includes red flags" view.

Ticker Company Auditor Audit Fees Revenue

Audit Feesas aPercentageof Revenue

BLC BELO CORP Ernst & Young LLP $950,495 $590,267,000 0.161

BRINK'S HOME SECURITY HOLDINGS, INC. KPMG LLP $656,300 $565,100,000 0.116

CDI CDI CORP KPMG LLP $1,530,000 $884,950,000 0.173

CETV CENTRAL EUROPEAN MEDIA ENTERPRISES LTD Deloitte & Touche LLP $2,820,000 $713,978,000 0.394

CKP CHECKPOINT SYSTEMS INC PricewaterhouseCoopers LLP $3,050,000 $772,718,000 0.395

CSR CHINA SECURITY & SURVEILLANCE TECHNOLOGY, INC. GHP Horwath PC $1,120,000 $580,870,000 0.193

CIEN CIENA CORP PricewaterhouseCoopers LLP $2,180,000 $652,629,000 0.335

CITADEL BROADCASTING CORP Deloitte & Touche LLP $1,240,000 $723,600,000 0.171

CFS COMFORCE CORP KPMG LLP $470,000 $563,788,000 0.083

COMSYS IT PARTNERS INC Ernst & Young LLP $1,280,000 $649,307,000 0.197

CMTL COMTECH TELECOMMUNICATIONS CORP /DE/ KPMG LLP $1,130,000 $586,372,000 0.193

CJR CORUS ENTERTAINMENT INC Ernst & Young LLP $1,660,000 $788,700,000 0.211

CCRN CROSS COUNTRY HEALTHCARE INC Ernst & Young LLP $957,065 $578,237,482 0.166

CTCM CTC MEDIA, INC. Ernst & Young LLP $869,264 $506,113,000 0.172

DLB DOLBY LABORATORIES, INC. KPMG LLP $2,770,000 $719,503,000 0.384

ESC EMERITUS CORP/WA/ KPMG LLP $1,170,000 $898,732,000 0.130

ENSG ENSIGN GROUP, INC Deloitte & Touche LLP $905,581 $542,002,000 0.167

EQIX EQUINIX INC PricewaterhouseCoopers LLP $4,250,000 $882,509,000 0.481

ESE ESCO TECHNOLOGIES INC KPMG LLP $985,000 $619,064,000 0.159

GKSR G&K SERVICES INC Ernst & Young LLP $762,962 $935,965,000 0.082

HHS HARTE HANKS INC KPMG LLP $838,900 $860,143,000 0.098

HELE HELEN OF TROY LTD Grant Thornton LLP $899,400 $622,745,000 0.144

HHGP HUDSON HIGHLAND GROUP INC KPMG LLP $2,330,000 $691,149,000 0.337

KFRC KFORCE INC Deloitte & Touche LLP $917,707 $910,136,000 0.101

LINC LINCOLN EDUCATIONAL SERVICES CORP Deloitte & Touche LLP $583,500 $552,536,000 0.106

LORL LORAL SPACE & COMMUNICATIONS INC. Deloitte & Touche LLP $2,910,000 $993,400,000 0.293

MDCA MDC PARTNERS INC BDO Seidman LLP $1,840,000 $545,924,000 0.337

MITL MITEL NETWORKS CORP Deloitte & Touche LLP $862,985 $735,100,000 0.117

August 5, 2010 www.cfo.com/fees Page 9 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2009

Ticker Company Auditor Audit Fees Revenue

Audit Feesas aPercentageof Revenue

MWW MONSTER WORLDWIDE INC BDO Seidman LLP $2,940,000 $905,142,000 0.325

NTLS NTELOS HOLDINGS CORP KPMG LLP $852,228 $549,700,000 0.155

ODSY ODYSSEY HEALTHCARE INC Ernst & Young LLP $857,800 $686,438,000 0.125

PLT PLANTRONICS INC /CA/ PricewaterhouseCoopers LLP $2,410,000 $674,590,000 0.357

PLCM POLYCOM INC PricewaterhouseCoopers LLP $2,180,000 $966,984,000 0.225

SBAC SBA COMMUNICATIONS CORP Ernst & Young LLP $1,650,000 $555,513,000 0.298

SWIR SIERRA WIRELESS INC KPMG LLP $859,000 $526,384,000 0.163

SKH SKILLED HEALTHCARE GROUP, INC. Ernst & Young LLP $1,340,000 $759,751,000 0.176

STRA STRAYER EDUCATION INC PricewaterhouseCoopers LLP $411,000 $511,961,000 0.080

SGS STREAM GLOBAL SERVICES, INC. Ernst & Young LLP $2,630,000 $584,769,000 0.450

VSAT VIASAT INC PricewaterhouseCoopers LLP $1,780,000 $628,179,000 0.284

August 5, 2010 www.cfo.com/fees Page 10 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2009

Auditors: Analysis of Individual Firm Fees

This analysis shows how many companies in your peer group were audited by each auditor, and how much eachauditor's fees varied (as a percent of each client's revenue). Companies with red flags that might artificially inflatefees have been excluded from this analysis.

This table also estimates what each auditor listed hypothetically would have charged your company. This estimateis calculated by multiplying your company's revenue for the year by the average percent of revenue charged by eachauditor. This estimate has not been approved or verified by the firms themselves.

(CIEN) 2008 Audit Fees $2,160,000(CIEN) 2008 Revenue $902,448,000(CIEN) 2008 Audit Fees as a Percentage of Revenue 0.239639

Audit Firm

#of

ClientsMax(%)

Min(%)

Range(%)

Average(%)

StandardDeviation

(%)

(CIEN)HypotheticalAudit Fee

BDO 4 0.282 0.091 0.191 0.211 0.084 $1,907,556

D&T 8 0.431 0.111 0.320 0.242 0.107 $2,182,960

E&Y 9 0.366 0.068 0.298 0.195 0.079 $1,755,475

KPMG 8 0.490 0.094 0.396 0.173 0.130 $1,563,513

PWC 9 0.426 0.098 0.327 0.265 0.092 $2,389,720

Regional and Local Firms 2 0.363 0.098 0.265 0.195 0.187 $1,757,558

Peer Group 40 0.490 0.068 0.422 0.218 0.102 $1,962,994

The hypothetical audit fee is calculated by applying the average audit fee charged to your company's revenue. The firms listed have not approved or verified thisestimate.

The top eight firms audit approximately 65% of the market cap of all publicly traded companies. There are more than 100 other firms, but many have only one or twoclients. To provide meaningful comparisons and fee ranges, this report aggregates firms below the top eight into a "Regional & Local Firms" category. A completelisting of companies in your peer group and the names of all individual firms appear below.

August 5, 2010 www.cfo.com/fees Page 11 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2008

Auditors: Individual Firm Fees as a Percentage of Client Revenue

This chart shows the average audit fee (as a percent of revenue) that each auditor charged the companies in yourpeer group.

The peer group analyzed here excludes companies with red flags, that is, restatements, control failures (reportedby auditors or management), or auditor changes that could cause their audit fees to skew abnormally high or low.

The lowest bar on the chart represents what your audit firm charged your company. (If your company paid morethan one auditor during the year, the audit fee shown represents the total amount it paid as a percent of revenue.)

2008

August 5, 2010 www.cfo.com/fees Page 12 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2008

Auditors: Market Share

This chart shows the market share held by each audit firm in your peer group. Market share for each firm iscalculated as the number of clients served as a percent of total number of clients within the peer group.

Note: This market share analysis is calculated after excluding from the peer group any companies whose auditsresulted in red flags. As a result, this chart may not accurately represent the full market share held by each audit firmfor this industry. To see a complete market share analysis, view the version of this chart that includes red flags.

2008 Market Share Analysis

August 5, 2010 www.cfo.com/fees Page 13 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2008

Red Flags: How Outliers Affect Audit Fees

This graph shows how audit fees are affected by outliers (red flags) such as restatements, control failures, andauditor changes.

From top to bottom, the bars show average audit fees paid by:

your entire industry, excluding red flagsyour peer group, excluding red flagsall red-flag companies in your industry as a wholeall red-flag companies in your peer group

Note: Not all bars appear if your industry or peer group has no red flags.

How Red Flags Affected Audit Fees in the Telecommunications Industry in 2008

August 5, 2010 www.cfo.com/fees Page 14 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2008

Data: Your Peer Group

The following shows a list of companies in your selected peer group, as well as their individual audit firms and dataregarding what each company paid for audit and audit-related fees. Red-flag companies are excluded from this list.A full list appears in the "includes red flags" view.

Ticker Company Auditor Audit Fees Revenue

Audit Feesas aPercentageof Revenue

ADCT ADC TELECOMMUNICATIONS INC Ernst & Young LLP $3,120,000 $1,456,400,000 0.215

ARP AMERICAN REPROGRAPHICS CO PricewaterhouseCoopers LLP $2,060,000 $700,987,000 0.294

CDI CDI CORP KPMG LLP $1,690,000 $1,118,597,000 0.151

CETV CENTRAL EUROPEAN MEDIA ENTERPRISES LTD Deloitte & Touche LLP $3,510,000 $1,019,934,000 0.344

CKP CHECKPOINT SYSTEMS INC PricewaterhouseCoopers LLP $3,100,000 $917,082,000 0.338

CSR CHINA SECURITY & SURVEILLANCE TECHNOLOGY, INC. GHP Horwath PC $1,550,000 $427,354,000 0.363

CIEN CIENA CORP PricewaterhouseCoopers LLP $2,160,000 $902,448,000 0.240

CITADEL BROADCASTING CORP Deloitte & Touche LLP $2,000,000 $863,100,000 0.232

CFS COMFORCE CORP KPMG LLP $710,000 $606,636,000 0.117

COMSYS IT PARTNERS INC Ernst & Young LLP $1,200,000 $727,108,000 0.165

CMTL COMTECH TELECOMMUNICATIONS CORP /DE/ KPMG LLP $666,000 $531,627,000 0.125

CJR CORUS ENTERTAINMENT INC Ernst & Young LLP $1,740,000 $740,162,787 0.235

CCRN CROSS COUNTRY HEALTHCARE INC Ernst & Young LLP $1,250,000 $734,246,671 0.170

CTCM CTC MEDIA, INC. Ernst & Young LLP $1,240,000 $640,171,000 0.194

DLB DOLBY LABORATORIES, INC. KPMG LLP $3,140,000 $640,231,000 0.490

ESC EMERITUS CORP/WA/ KPMG LLP $1,300,000 $769,429,000 0.169

ENSG ENSIGN GROUP, INC Deloitte & Touche LLP $1,020,000 $469,372,000 0.217

EQIX EQUINIX INC PricewaterhouseCoopers LLP $3,000,000 $704,680,000 0.426

ESE ESCO TECHNOLOGIES INC KPMG LLP $1,180,000 $623,817,000 0.189

GKSR G&K SERVICES INC Ernst & Young LLP $680,585 $1,002,395,000 0.068

HHS HARTE HANKS INC KPMG LLP $1,020,000 $1,082,821,000 0.094

KFRC KFORCE INC Deloitte & Touche LLP $1,100,000 $997,017,000 0.111

LINC LINCOLN EDUCATIONAL SERVICES CORP Deloitte & Touche LLP $768,550 $376,907,000 0.204

LORL LORAL SPACE & COMMUNICATIONS INC. Deloitte & Touche LLP $3,750,000 $869,398,000 0.431

MDCA MDC PARTNERS INC BDO Seidman LLP $1,650,000 $584,648,000 0.282

MITL MITEL NETWORKS CORP Deloitte & Touche LLP $825,519 $692,000,000 0.119

MWW MONSTER WORLDWIDE INC BDO Seidman LLP $3,340,000 $1,343,627,000 0.248

NHC NATIONAL HEALTHCARE CORP BDO Seidman LLP $590,250 $648,943,000 0.091

August 5, 2010 www.cfo.com/fees Page 15 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2008

Ticker Company Auditor Audit Fees Revenue

Audit Feesas aPercentageof Revenue

NTGR NETGEAR, INC PricewaterhouseCoopers LLP $1,770,000 $743,344,000 0.238

ODSY ODYSSEY HEALTHCARE INC Ernst & Young LLP $1,160,000 $616,050,000 0.188

PLT PLANTRONICS INC /CA/ PricewaterhouseCoopers LLP $2,310,000 $856,286,000 0.270

PLCM POLYCOM INC PricewaterhouseCoopers LLP $2,010,000 $1,069,320,000 0.188

PWAV POWERWAVE TECHNOLOGIES INC Deloitte & Touche LLP $1,970,000 $890,234,000 0.221

RCNI RCN CORP /DE/ Friedman LLP $722,000 $739,243,000 0.098

SBAC SBA COMMUNICATIONS CORP Ernst & Young LLP $1,740,000 $474,954,000 0.366

SWIR SIERRA WIRELESS INC KPMG LLP $586,000 $567,308,000 0.103

SBGI SINCLAIR BROADCAST GROUP INC Ernst & Young LLP $1,770,000 $754,474,000 0.235

STRA STRAYER EDUCATION INC PricewaterhouseCoopers LLP $389,000 $396,275,000 0.098

VSAT VIASAT INC PricewaterhouseCoopers LLP $1,380,000 $574,650,000 0.241

VG VONAGE HOLDINGS CORP BDO Seidman LLP $1,770,000 $900,120,000 0.197

August 5, 2010 www.cfo.com/fees Page 16 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2008

Auditors: Analysis of Individual Firm Fees

This analysis shows how many companies in your peer group were audited by each auditor, and how much eachauditor's fees varied (as a percent of each client's revenue). Companies with red flags that might artificially inflatefees have been excluded from this analysis.

This table also estimates what each auditor listed hypothetically would have charged your company. This estimateis calculated by multiplying your company's revenue for the year by the average percent of revenue charged by eachauditor. This estimate has not been approved or verified by the firms themselves.

(CIEN) 2007 Audit Fees $2,620,000(CIEN) 2007 Revenue $779,769,000(CIEN) 2007 Audit Fees as a Percentage of Revenue 0.336303

Audit Firm

#of

ClientsMax(%)

Min(%)

Range(%)

Average(%)

StandardDeviation

(%)

(CIEN)HypotheticalAudit Fee

BDO 4 5.368 0.145 5.222 0.236 2.567 $1,838,550

D&T 5 0.478 0.102 0.375 0.222 0.138 $1,730,901

E&Y 10 0.407 0.076 0.331 0.212 0.106 $1,652,907

KPMG 11 0.571 0.009 0.562 0.182 0.147 $1,421,930

PWC 9 0.681 0.118 0.563 0.321 0.157 $2,505,481

Regional and Local Firms 2 0.425 0.110 0.315 0.196 0.223 $1,529,665

Peer Group 41 5.368 0.009 5.359 0.237 0.811 $1,845,298

The hypothetical audit fee is calculated by applying the average audit fee charged to your company's revenue. The firms listed have not approved or verified thisestimate.

The top eight firms audit approximately 65% of the market cap of all publicly traded companies. There are more than 100 other firms, but many have only one or twoclients. To provide meaningful comparisons and fee ranges, this report aggregates firms below the top eight into a "Regional & Local Firms" category. A completelisting of companies in your peer group and the names of all individual firms appear below.

August 5, 2010 www.cfo.com/fees Page 17 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2007

Auditors: Individual Firm Fees as a Percentage of Client Revenue

This chart shows the average audit fee (as a percent of revenue) that each auditor charged the companies in yourpeer group.

The peer group analyzed here excludes companies with red flags, that is, restatements, control failures (reportedby auditors or management), or auditor changes that could cause their audit fees to skew abnormally high or low.

The lowest bar on the chart represents what your audit firm charged your company. (If your company paid morethan one auditor during the year, the audit fee shown represents the total amount it paid as a percent of revenue.)

2007

August 5, 2010 www.cfo.com/fees Page 18 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2007

Auditors: Market Share

This chart shows the market share held by each audit firm in your peer group. Market share for each firm iscalculated as the number of clients served as a percent of total number of clients within the peer group.

Note: This market share analysis is calculated after excluding from the peer group any companies whose auditsresulted in red flags. As a result, this chart may not accurately represent the full market share held by each audit firmfor this industry. To see a complete market share analysis, view the version of this chart that includes red flags.

2007 Market Share Analysis

August 5, 2010 www.cfo.com/fees Page 19 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2007

Red Flags: How Outliers Affect Audit Fees

This graph shows how audit fees are affected by outliers (red flags) such as restatements, control failures, andauditor changes.

From top to bottom, the bars show average audit fees paid by:

your entire industry, excluding red flagsyour peer group, excluding red flagsall red-flag companies in your industry as a wholeall red-flag companies in your peer group

Note: Not all bars appear if your industry or peer group has no red flags.

How Red Flags Affected Audit Fees in the Telecommunications Industry in 2007

August 5, 2010 www.cfo.com/fees Page 20 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2007

Data: Your Peer Group

The following shows a list of companies in your selected peer group, as well as their individual audit firms and dataregarding what each company paid for audit and audit-related fees. Red-flag companies are excluded from this list.A full list appears in the "includes red flags" view.

Ticker Company Auditor Audit Fees Revenue

Audit Feesas aPercentageof Revenue

ADCT ADC TELECOMMUNICATIONS INC Ernst & Young LLP $3,260,000 $1,322,200,000 0.247

ARP AMERICAN REPROGRAPHICS CO PricewaterhouseCoopers LLP $2,440,000 $688,354,000 0.355

CDI CDI CORP KPMG LLP $1,730,000 $1,187,299,000 0.146

CKP CHECKPOINT SYSTEMS INC PricewaterhouseCoopers LLP $2,940,000 $834,156,000 0.352

CSR CHINA SECURITY & SURVEILLANCE TECHNOLOGY, INC. GHP Horwath PC $1,020,000 $240,188,000 0.425

CIEN CIENA CORP PricewaterhouseCoopers LLP $2,620,000 $779,769,000 0.336

CFS COMFORCE CORP KPMG LLP $744,000 $586,685,000 0.127

COMSYS IT PARTNERS INC Ernst & Young LLP $1,210,000 $743,265,000 0.163

CMTL COMTECH TELECOMMUNICATIONS CORP /DE/ KPMG LLP $990,000 $445,684,000 0.222

CJR CORUS ENTERTAINMENT INC Ernst & Young LLP $1,430,000 $724,847,775 0.197

CCRN CROSS COUNTRY HEALTHCARE INC Ernst & Young LLP $1,190,000 $718,272,469 0.166

CTCM CTC MEDIA, INC. Ernst & Young LLP $851,000 $472,056,000 0.180

DLB DOLBY LABORATORIES, INC. KPMG LLP $2,750,000 $482,028,000 0.571

ESC EMERITUS CORP/WA/ KPMG LLP $1,870,000 $545,639,000 0.343

ENSG ENSIGN GROUP, INC Deloitte & Touche LLP $1,960,000 $411,318,000 0.478

EQIX EQUINIX INC PricewaterhouseCoopers LLP $2,860,000 $419,442,000 0.681

ESE ESCO TECHNOLOGIES INC KPMG LLP $997,500 $527,537,000 0.189

GKSR G&K SERVICES INC Ernst & Young LLP $705,000 $929,542,000 0.076

HHS HARTE HANKS INC KPMG LLP $1,170,000 $1,162,886,000 0.101

HELE HELEN OF TROY LTD KPMG LLP $919,600 $634,932,000 0.145

KFRC KFORCE INC Deloitte & Touche LLP $1,060,000 $1,036,915,000 0.102

LINC LINCOLN EDUCATIONAL SERVICES CORP Deloitte & Touche LLP $722,800 $327,774,000 0.221

MDCA MDC PARTNERS INC BDO Seidman LLP $1,810,000 $547,319,000 0.331

MDCA MDC PARTNERS INC KPMG LLP $47,500 $547,319,000 0.009

MITL MITEL NETWORKS CORP Deloitte & Touche LLP $826,458 $384,900,000 0.215

MWW MONSTER WORLDWIDE INC BDO Seidman LLP $3,100,000 $1,351,309,000 0.229

NHC NATIONAL HEALTHCARE CORP BDO Seidman LLP $867,900 $598,034,000 0.145

NTGR NETGEAR, INC PricewaterhouseCoopers LLP $1,510,000 $727,787,000 0.207

August 5, 2010 www.cfo.com/fees Page 21 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2007

Ticker Company Auditor Audit Fees Revenue

Audit Feesas aPercentageof Revenue

NTLS NTELOS HOLDINGS CORP KPMG LLP $823,056 $500,394,000 0.164

ODSY ODYSSEY HEALTHCARE INC Ernst & Young LLP $723,200 $404,872,000 0.179

PLT PLANTRONICS INC /CA/ PricewaterhouseCoopers LLP $2,920,000 $800,154,000 0.365

PLCM POLYCOM INC PricewaterhouseCoopers LLP $2,230,000 $929,908,000 0.239

PWAV POWERWAVE TECHNOLOGIES INC Deloitte & Touche LLP $1,960,000 $780,517,000 0.251

RCNI RCN CORP /DE/ Friedman LLP $699,000 $636,097,000 0.110

SBAC SBA COMMUNICATIONS CORP Ernst & Young LLP $1,660,000 $408,201,000 0.406

SWIR SIERRA WIRELESS INC KPMG LLP $833,000 $439,903,000 0.189

SBGI SINCLAIR BROADCAST GROUP INC Ernst & Young LLP $1,390,000 $718,100,000 0.194

SKH SKILLED HEALTHCARE GROUP, INC. Ernst & Young LLP $2,580,000 $634,607,000 0.407

STRA STRAYER EDUCATION INC PricewaterhouseCoopers LLP $374,100 $318,012,000 0.118

SGS STREAM GLOBAL SERVICES, INC. BDO Seidman LLP $113,761 $2,119,427 5.368

VSAT VIASAT INC PricewaterhouseCoopers LLP $1,430,000 $516,566,000 0.277

August 5, 2010 www.cfo.com/fees Page 22 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2007

CIENA CORP, Telecommunications, $500 million - $1 billion

What's in This Report

This report provides a comprehensive benchmark of your company's audit fees over the three-year period for whichcomplete data is available.

A key feature of this report is the ability to exclude outliers that can skew results by inflating or lowering audit fees.Such red flags include restatements, management- or auditor-reported control failures, and auditor changes. In theonline version, use the red-flag toggle button to switch between views that include or exclude red flags. In most cases,you will find it preferable to exclude red flags (your print copy displays these views first), but it can be useful to includered flags if, for example, your company experienced one or more of these events, or if you wish to see the impact onyour industry.

The Summary section:

provides an immediate benchmark of what your company pays and how that compares with fees paid by yourselected peer group.

Each year contains the following analyses:

The Auditor section: analyzes what each auditor charges your peer group and how much those fees varied.estimates what each firm hypothetically would charge your company.shows you each auditor's market share within your peer group.

The Red Flag section: analyzes how outlier events (red flags) affect audit fees within your industry and peer group.provides a summary of red flags within your peer group.

The Data section: provides a complete list of the companies in your peer group, their individual audit firms, fees, and additionaldata used in the report analysis.

August 5, 2010 www.cfo.com/fees Page 23 of 51Copyright © 2010, CFO Publishing LLC

Summary: How Much Do You and Your Peer Group Pay for Audits?

The blue bars on this chart show how much your company paid as a percent of revenue over each of the past threeyears. The green bars show the average audit fees paid as a percent of revenue during the same period by thecompanies in your peer group.

The peer group analyzed here includes companies with red flags, that is, restatements, control failures (reported byauditors or management), or auditor changes that could cause their audit fees to skew abnormally high or low.

August 5, 2010 www.cfo.com/fees Page 24 of 51Copyright © 2010, CFO Publishing LLC

Summary: How Many Red-Flag Events Occurred within Your Peer Group?

A key feature of this report is the ability to exclude outliers that can skew results by inflating or lowering audit fees.Such red flags include financial restatements, management- or auditor-reported control failures, and auditor changes.

The number of red flags in your peer group appears in this table, but you can find more detailed information aboutred flags by viewing individual years with red flags included. In the online version, you can use the red-flag togglebutton to switch between views that include or exclude red flags.

In most cases, you will want to exclude red flags (your print copy displays these views first), but it can be useful toinclude red flags if, for example, your company experienced one or more of these events, or if you wish to see theimpact on your industry.

Type of Red-Flag Event 2007 2008 2009

Restatements 5 2 2

Management-reported control failures 3 4 2

Auditor-reported control failures 3 4 2

Auditor changes 0 4 9

Number of companies 7 8 10

Some companies may have multiple red flags, so the number of individual red flags shown here may add up to more than the total number of companies with redflags.

August 5, 2010 www.cfo.com/fees Page 25 of 51Copyright © 2010, CFO Publishing LLC

Auditors: Analysis of Individual Firm Fees

This analysis shows how many companies in your peer group were audited by each auditor, and how much eachauditor's fees varied (as a percent of each client's revenue). Companies with red flags are included, which mayincrease the fees shown for some auditors.

This table also estimates what each auditor listed hypothetically would have charged your company. This estimateis calculated by multiplying your company's revenue for the year by the average percent of revenue charged by eachauditor. This estimate has not been approved or verified by the firms themselves.

(CIEN) 2009 Audit Fees $2,180,000(CIEN) 2009 Revenue $652,629,000(CIEN) 2009 Audit Fees as a Percentage of Revenue 0.334738

Audit Firm

#of

ClientsMax(%)

Min(%)

Range(%)

Average(%)

StandardDeviation

(%)

(CIEN)HypotheticalAudit Fee

BDO 5 0.337 0.009 0.328 0.182 0.150 $1,186,117

D&T 9 0.394 0.101 0.294 0.204 0.101 $1,331,218

E&Y 12 0.450 0.082 0.369 0.203 0.108 $1,327,952

GT 2 0.168 0.144 0.023 0.156 0.016 $1,016,389

KPMG 12 0.384 0.083 0.301 0.181 0.091 $1,183,005

PWC 9 0.481 0.080 0.401 0.300 0.118 $1,959,213

Regional and Local Firms 3 0.193 0.003 0.190 0.057 0.108 $372,581

Peer Group 52 0.481 0.003 0.478 0.215 0.114 $1,404,670

The hypothetical audit fee is calculated by applying the average audit fee charged to your company's revenue. The firms listed have not approved or verified thisestimate.

The top eight firms audit approximately 65% of the market cap of all publicly traded companies. There are more than 100 other firms, but many have only one or twoclients. To provide meaningful comparisons and fee ranges, this report aggregates firms below the top eight into a "Regional & Local Firms" category. A completelisting of companies in your peer group and the names of all individual firms appear below.

August 5, 2010 www.cfo.com/fees Page 26 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2009

Auditors: Individual Firm Fees as a Percentage of Client Revenue

This chart shows the average audit fee (as a percent of revenue) that each auditor charged the companies in yourpeer group.

The peer group analyzed here includes companies with red flags, that is, restatements, control failures (reported byauditors or management), or auditor changes that could cause their audit fees to skew abnormally high or low.

The lowest bar on the chart displays what your company paid to its audit firm. (If your company paid more than oneauditor during the year, the audit fee shown represents the total amount paid it paid as a percent of revenue.)

2009

August 5, 2010 www.cfo.com/fees Page 27 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2009

Auditors: Market Share

This chart shows the complete market share held by each audit firm for all companies (including those with redflags) in your peer group. Market share for each firm is calculated as the number of clients served as a percent oftotal number of clients within the peer group.

Note: Because this chart includes auditor changes, the percentages shown may not equal 100%

2009 Market Share Analysis

August 5, 2010 www.cfo.com/fees Page 28 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2009

Red Flags: How Outliers Affect Audit Fees

This graph shows how audit fees are affected by outliers (red flags) such as restatements, control failures, andauditor changes.

From top to bottom, the bars show average audit fees paid by:

your entire industry, excluding red flagsyour peer group, excluding red flagsall red-flag companies in your industry as a wholeall red-flag companies in your peer group

Note: Not all bars appear if your industry or peer group has no red flags. An analysis of your peer group's red flagsappears in the next chart.

How Red Flags Affected Audit Fees in the Telecommunications Industry in 2009

August 5, 2010 www.cfo.com/fees Page 29 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2009

Red Flags: Summary of Red Flags within Your Peer Group

This table shows how many companies within your selected peer group have red flags associated with their audits.

The CFO Audit Fee Report allows you to include or exclude audit fees for companies that had events that couldcause their audit fees to skew abnormally high or low. Red-flag events include:

restatementsmanagement-reported control failuresauditor-reported control failuresauditor changes

In most cases, these events are likely to cause audit fees to be abnormally high. However, an auditor change alsocan result in abnormally low audit fees paid by a client to a given auditor in a given year.

For some companies, particularly those that have had, or anticipate having, a red-flag event, it is useful to see ananalysis that shows the full range of possible audit fees, including red flags.

Total Number of Companies with a Red-Flag Event : 10

Type of Red-Flag Event Companies with a Red-Flag % of Total

Restatements 2 20%

Management-reported control failures 2 20%

Auditor-reported control failures 2 20%

Auditor changes 9 90%

Some companies may have multiple red flags, so the number of individual red flags shown here may add up to more than the total number of companies with redflags.

August 5, 2010 www.cfo.com/fees Page 30 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2009

Data: Your Peer Group

The following shows the full list of companies in your selected peer group, as well as their individual audit firms anddata regarding what each company paid for audit and audit-related fees.

Ticker Company Auditor Audit Fees Revenue

Audit Feesas aPercentageof Revenue

ADCT ADC TELECOMMUNICATIONS INC Ernst & Young LLP $3,360,000 $996,700,000 0.337

ARP AMERICAN REPROGRAPHICS CO Deloitte & Touche LLP $888,000 $501,549,000 0.177

BLC BELO CORP Ernst & Young LLP $950,495 $590,267,000 0.161

BRINK'S HOME SECURITY HOLDINGS, INC. KPMG LLP $656,300 $565,100,000 0.116

CDI CDI CORP KPMG LLP $1,530,000 $884,950,000 0.173

CETV CENTRAL EUROPEAN MEDIA ENTERPRISES LTD Deloitte & Touche LLP $2,820,000 $713,978,000 0.394

CKP CHECKPOINT SYSTEMS INC PricewaterhouseCoopers LLP $3,050,000 $772,718,000 0.395

CSR CHINA SECURITY & SURVEILLANCE TECHNOLOGY, INC. GHP Horwath PC $1,120,000 $580,870,000 0.193

CIEN CIENA CORP PricewaterhouseCoopers LLP $2,180,000 $652,629,000 0.335

CITADEL BROADCASTING CORP Deloitte & Touche LLP $1,240,000 $723,600,000 0.171

CFS COMFORCE CORP KPMG LLP $470,000 $563,788,000 0.083

COMSYS IT PARTNERS INC Ernst & Young LLP $1,280,000 $649,307,000 0.197

CMTL COMTECH TELECOMMUNICATIONS CORP /DE/ KPMG LLP $1,130,000 $586,372,000 0.193

CJR CORUS ENTERTAINMENT INC Ernst & Young LLP $1,660,000 $788,700,000 0.211

CCRN CROSS COUNTRY HEALTHCARE INC Ernst & Young LLP $957,065 $578,237,482 0.166

CTCM CTC MEDIA, INC. Ernst & Young LLP $869,264 $506,113,000 0.172

DLB DOLBY LABORATORIES, INC. KPMG LLP $2,770,000 $719,503,000 0.384

ESC EMERITUS CORP/WA/ KPMG LLP $1,170,000 $898,732,000 0.130

ENSG ENSIGN GROUP, INC Deloitte & Touche LLP $905,581 $542,002,000 0.167

EQIX EQUINIX INC PricewaterhouseCoopers LLP $4,250,000 $882,509,000 0.481

ESE ESCO TECHNOLOGIES INC KPMG LLP $985,000 $619,064,000 0.159

GKSR G&K SERVICES INC Ernst & Young LLP $762,962 $935,965,000 0.082

GNCMA GENERAL COMMUNICATION INC Grant Thornton LLP $998,350 $595,811,000 0.168

GNCMA GENERAL COMMUNICATION INC KPMG LLP $1,020,000 $595,811,000 0.171

HHS HARTE HANKS INC KPMG LLP $838,900 $860,143,000 0.098

HELE HELEN OF TROY LTD Grant Thornton LLP $899,400 $622,745,000 0.144

HHGP HUDSON HIGHLAND GROUP INC KPMG LLP $2,330,000 $691,149,000 0.337

KFRC KFORCE INC Deloitte & Touche LLP $917,707 $910,136,000 0.101

August 5, 2010 www.cfo.com/fees Page 31 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2009

Ticker Company Auditor Audit Fees Revenue

Audit Feesas aPercentageof Revenue

LINC LINCOLN EDUCATIONAL SERVICES CORP Deloitte & Touche LLP $583,500 $552,536,000 0.106

LORL LORAL SPACE & COMMUNICATIONS INC. Deloitte & Touche LLP $2,910,000 $993,400,000 0.293

MTE MAHANAGAR TELEPHONE NIGAM LTD P Parikh & Associates CA $91,920 $822,000,000 0.011

MDCA MDC PARTNERS INC BDO Seidman LLP $1,840,000 $545,924,000 0.337

MITL MITEL NETWORKS CORP Deloitte & Touche LLP $862,985 $735,100,000 0.117

MWW MONSTER WORLDWIDE INC BDO Seidman LLP $2,940,000 $905,142,000 0.325

NHC NATIONAL HEALTHCARE CORP BDO Seidman LLP $60,650 $668,221,000 0.009

NHC NATIONAL HEALTHCARE CORP Ernst & Young LLP $571,000 $668,221,000 0.085

NTGR NETGEAR, INC PricewaterhouseCoopers LLP $1,440,000 $686,595,000 0.209

NTLS NTELOS HOLDINGS CORP KPMG LLP $852,228 $549,700,000 0.155

ODSY ODYSSEY HEALTHCARE INC Ernst & Young LLP $857,800 $686,438,000 0.125

PLT PLANTRONICS INC /CA/ PricewaterhouseCoopers LLP $2,410,000 $674,590,000 0.357

PLCM POLYCOM INC PricewaterhouseCoopers LLP $2,180,000 $966,984,000 0.225

PWAV POWERWAVE TECHNOLOGIES INC Deloitte & Touche LLP $1,600,000 $567,486,000 0.281

RCNI RCN CORP /DE/ BDO Seidman LLP $445,000 $763,770,000 0.058

RCNI RCN CORP /DE/ Friedman LLP $25,000 $763,770,000 0.003

SBAC SBA COMMUNICATIONS CORP Ernst & Young LLP $1,650,000 $555,513,000 0.298

SWIR SIERRA WIRELESS INC KPMG LLP $859,000 $526,384,000 0.163

SBGI SINCLAIR BROADCAST GROUP INC PricewaterhouseCoopers LLP $1,610,000 $656,477,000 0.245

SKH SKILLED HEALTHCARE GROUP, INC. Ernst & Young LLP $1,340,000 $759,751,000 0.176

STRA STRAYER EDUCATION INC PricewaterhouseCoopers LLP $411,000 $511,961,000 0.080

SGS STREAM GLOBAL SERVICES, INC. Ernst & Young LLP $2,630,000 $584,769,000 0.450

VSAT VIASAT INC PricewaterhouseCoopers LLP $1,780,000 $628,179,000 0.284

VG VONAGE HOLDINGS CORP BDO Seidman LLP $1,570,000 $889,080,000 0.177

August 5, 2010 www.cfo.com/fees Page 32 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2009

Data: Red-Flag Companies within Your Peer Group

This table shows which companies within your selected peer group had red flags associated with their audits, andwhat those red flags were.

For the year shown, the audit fee data pertaining to these companies was not included when calculating the "redflags excluded" results.

Red-flag events are:

auditor changesrestatementsmanagement-reported control failuresauditor-reported control failures

In most cases, these events are likely to cause audit fees to be abnormally high. However, an auditor change alsocan result in abnormally low audit fees paid by a client to a given auditor in a given year.

Note that if your own company has a red flag, its audit fees are excluded from the "red flags excluded" calculations,but your company will still appear on charts that provide a comparison between your company's performance andthat of its peer group.

Ticker Company

AuditorChangeFlag

Restate-mentFlag

ICFRMgmtFlag

ICFRAuditorFlag Auditor

AuditFees Revenue

Audit Feesas aPercentageof Revenue

ADCT ADCTELECOMMUNICATIONSINC

- - - Ernst & Young LLP $3,360,000 $996,700,000 0.337

ARP AMERICANREPROGRAPHICS CO

- - - Deloitte & Touche LLP $888,000 $501,549,000 0.177

GNCMA GENERALCOMMUNICATION INC

- - - Grant Thornton LLP $998,350 $595,811,000 0.168

GNCMA GENERALCOMMUNICATION INC

- - - KPMG LLP $1,020,000 $595,811,000 0.171

MTE MAHANAGAR TELEPHONENIGAM LTD

- - P Parikh & Associates CA $91,920 $822,000,000 0.011

NHC NATIONAL HEALTHCARECORP

- - - BDO Seidman LLP $60,650 $668,221,000 0.009

NHC NATIONAL HEALTHCARECORP

- - - Ernst & Young LLP $571,000 $668,221,000 0.085

NTGR NETGEAR, INC - - - PricewaterhouseCoopersLLP

$1,440,000 $686,595,000 0.209

PWAV POWERWAVETECHNOLOGIES INC

- - Deloitte & Touche LLP $1,600,000 $567,486,000 0.281

RCNI RCN CORP /DE/ - - - BDO Seidman LLP $445,000 $763,770,000 0.058

RCNI RCN CORP /DE/ - - - Friedman LLP $25,000 $763,770,000 0.003

SBGI SINCLAIR BROADCASTGROUP INC

- - - PricewaterhouseCoopersLLP

$1,610,000 $656,477,000 0.245

VG VONAGE HOLDINGS CORP - - - BDO Seidman LLP $1,570,000 $889,080,000 0.177

August 5, 2010 www.cfo.com/fees Page 33 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2009

Auditors: Analysis of Individual Firm Fees

This analysis shows how many companies in your peer group were audited by each auditor, and how much eachauditor's fees varied (as a percent of each client's revenue). Companies with red flags are included, which mayincrease the fees shown for some auditors.

This table also estimates what each auditor listed hypothetically would have charged your company. This estimateis calculated by multiplying your company's revenue for the year by the average percent of revenue charged by eachauditor. This estimate has not been approved or verified by the firms themselves.

(CIEN) 2008 Audit Fees $2,160,000(CIEN) 2008 Revenue $902,448,000(CIEN) 2008 Audit Fees as a Percentage of Revenue 0.239639

Audit Firm

#of

ClientsMax(%)

Min(%)

Range(%)

Average(%)

StandardDeviation

(%)

(CIEN)HypotheticalAudit Fee

BDO 5 0.282 0.091 0.191 0.208 0.075 $1,879,682

D&T 8 0.431 0.111 0.320 0.242 0.107 $2,182,960

E&Y 12 0.757 0.068 0.689 0.208 0.174 $1,875,699

GT 1 N/M N/M N/M 0.115 N/M $1,040,401

KPMG 11 0.490 0.094 0.396 0.190 0.114 $1,718,959

PWC 9 0.426 0.098 0.327 0.265 0.092 $2,389,720

Regional and Local Firms 3 0.363 0.013 0.350 0.106 0.183 $954,312

Peer Group 49 0.757 0.013 0.744 0.214 0.126 $1,928,253

The hypothetical audit fee is calculated by applying the average audit fee charged to your company's revenue. The firms listed have not approved or verified thisestimate.

The top eight firms audit approximately 65% of the market cap of all publicly traded companies. There are more than 100 other firms, but many have only one or twoclients. To provide meaningful comparisons and fee ranges, this report aggregates firms below the top eight into a "Regional & Local Firms" category. A completelisting of companies in your peer group and the names of all individual firms appear below.

August 5, 2010 www.cfo.com/fees Page 34 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2008

Auditors: Individual Firm Fees as a Percentage of Client Revenue

This chart shows the average audit fee (as a percent of revenue) that each auditor charged the companies in yourpeer group.

The peer group analyzed here includes companies with red flags, that is, restatements, control failures (reported byauditors or management), or auditor changes that could cause their audit fees to skew abnormally high or low.

The lowest bar on the chart displays what your company paid to its audit firm. (If your company paid more than oneauditor during the year, the audit fee shown represents the total amount paid it paid as a percent of revenue.)

2008

August 5, 2010 www.cfo.com/fees Page 35 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2008

Auditors: Market Share

This chart shows the complete market share held by each audit firm for all companies (including those with redflags) in your peer group. Market share for each firm is calculated as the number of clients served as a percent oftotal number of clients within the peer group.

Note: Because this chart includes auditor changes, the percentages shown may not equal 100%

2008 Market Share Analysis

August 5, 2010 www.cfo.com/fees Page 36 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2008

Red Flags: How Outliers Affect Audit Fees

This graph shows how audit fees are affected by outliers (red flags) such as restatements, control failures, andauditor changes.

From top to bottom, the bars show average audit fees paid by:

your entire industry, excluding red flagsyour peer group, excluding red flagsall red-flag companies in your industry as a wholeall red-flag companies in your peer group

Note: Not all bars appear if your industry or peer group has no red flags. An analysis of your peer group's red flagsappears in the next chart.

How Red Flags Affected Audit Fees in the Telecommunications Industry in 2008

August 5, 2010 www.cfo.com/fees Page 37 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2008

Red Flags: Summary of Red Flags within Your Peer Group

This table shows how many companies within your selected peer group have red flags associated with their audits.

The CFO Audit Fee Report allows you to include or exclude audit fees for companies that had events that couldcause their audit fees to skew abnormally high or low. Red-flag events include:

restatementsmanagement-reported control failuresauditor-reported control failuresauditor changes

In most cases, these events are likely to cause audit fees to be abnormally high. However, an auditor change alsocan result in abnormally low audit fees paid by a client to a given auditor in a given year.

For some companies, particularly those that have had, or anticipate having, a red-flag event, it is useful to see ananalysis that shows the full range of possible audit fees, including red flags.

Total Number of Companies with a Red-Flag Event : 8

Type of Red-Flag Event Companies with a Red-Flag % of Total

Restatements 2 25%

Management-reported control failures 4 50%

Auditor-reported control failures 4 50%

Auditor changes 4 50%

Some companies may have multiple red flags, so the number of individual red flags shown here may add up to more than the total number of companies with redflags.

August 5, 2010 www.cfo.com/fees Page 38 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2008

Data: Your Peer Group

The following shows the full list of companies in your selected peer group, as well as their individual audit firms anddata regarding what each company paid for audit and audit-related fees.

Ticker Company Auditor Audit Fees Revenue

Audit Feesas aPercentageof Revenue

ADCT ADC TELECOMMUNICATIONS INC Ernst & Young LLP $3,120,000 $1,456,400,000 0.215

ARP AMERICAN REPROGRAPHICS CO PricewaterhouseCoopers LLP $2,060,000 $700,987,000 0.294

BLC BELO CORP Ernst & Young LLP $1,150,000 $733,470,000 0.157

CDI CDI CORP KPMG LLP $1,690,000 $1,118,597,000 0.151

CETV CENTRAL EUROPEAN MEDIA ENTERPRISES LTD Deloitte & Touche LLP $3,510,000 $1,019,934,000 0.344

CKP CHECKPOINT SYSTEMS INC PricewaterhouseCoopers LLP $3,100,000 $917,082,000 0.338

CSR CHINA SECURITY & SURVEILLANCE TECHNOLOGY, INC. GHP Horwath PC $1,550,000 $427,354,000 0.363

CIEN CIENA CORP PricewaterhouseCoopers LLP $2,160,000 $902,448,000 0.240

CITADEL BROADCASTING CORP Deloitte & Touche LLP $2,000,000 $863,100,000 0.232

CFS COMFORCE CORP KPMG LLP $710,000 $606,636,000 0.117

COMSYS IT PARTNERS INC Ernst & Young LLP $1,200,000 $727,108,000 0.165

CMTL COMTECH TELECOMMUNICATIONS CORP /DE/ KPMG LLP $666,000 $531,627,000 0.125

CJR CORUS ENTERTAINMENT INC Ernst & Young LLP $1,740,000 $740,162,787 0.235

CCRN CROSS COUNTRY HEALTHCARE INC Ernst & Young LLP $1,250,000 $734,246,671 0.170

CTCM CTC MEDIA, INC. Ernst & Young LLP $1,240,000 $640,171,000 0.194

DLB DOLBY LABORATORIES, INC. KPMG LLP $3,140,000 $640,231,000 0.490

ESC EMERITUS CORP/WA/ KPMG LLP $1,300,000 $769,429,000 0.169

ENSG ENSIGN GROUP, INC Deloitte & Touche LLP $1,020,000 $469,372,000 0.217

EQIX EQUINIX INC PricewaterhouseCoopers LLP $3,000,000 $704,680,000 0.426

ESE ESCO TECHNOLOGIES INC KPMG LLP $1,180,000 $623,817,000 0.189

GKSR G&K SERVICES INC Ernst & Young LLP $680,585 $1,002,395,000 0.068

GNCMA GENERAL COMMUNICATION INC KPMG LLP $1,460,000 $575,442,000 0.254

HHS HARTE HANKS INC KPMG LLP $1,020,000 $1,082,821,000 0.094

HELE HELEN OF TROY LTD Grant Thornton LLP $752,300 $652,548,000 0.115

HHGP HUDSON HIGHLAND GROUP INC KPMG LLP $2,910,000 $1,080,231,000 0.269

KFRC KFORCE INC Deloitte & Touche LLP $1,100,000 $997,017,000 0.111

LINC LINCOLN EDUCATIONAL SERVICES CORP Deloitte & Touche LLP $768,550 $376,907,000 0.204

LORL LORAL SPACE & COMMUNICATIONS INC. Deloitte & Touche LLP $3,750,000 $869,398,000 0.431

August 5, 2010 www.cfo.com/fees Page 39 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2008

Ticker Company Auditor Audit Fees Revenue

Audit Feesas aPercentageof Revenue

MTE MAHANAGAR TELEPHONE NIGAM LTD P Parikh & Associates CA $142,836 $1,117,000,000 0.013

MDCA MDC PARTNERS INC BDO Seidman LLP $1,650,000 $584,648,000 0.282

MITL MITEL NETWORKS CORP Deloitte & Touche LLP $825,519 $692,000,000 0.119

MWW MONSTER WORLDWIDE INC BDO Seidman LLP $3,340,000 $1,343,627,000 0.248

NHC NATIONAL HEALTHCARE CORP BDO Seidman LLP $590,250 $648,943,000 0.091

NTGR NETGEAR, INC PricewaterhouseCoopers LLP $1,770,000 $743,344,000 0.238

NTLS NTELOS HOLDINGS CORP KPMG LLP $835,190 $539,836,000 0.155

ODSY ODYSSEY HEALTHCARE INC Ernst & Young LLP $1,160,000 $616,050,000 0.188

PLT PLANTRONICS INC /CA/ PricewaterhouseCoopers LLP $2,310,000 $856,286,000 0.270

PLCM POLYCOM INC PricewaterhouseCoopers LLP $2,010,000 $1,069,320,000 0.188

PWAV POWERWAVE TECHNOLOGIES INC Deloitte & Touche LLP $1,970,000 $890,234,000 0.221

RCNI RCN CORP /DE/ Friedman LLP $722,000 $739,243,000 0.098

SBAC SBA COMMUNICATIONS CORP Ernst & Young LLP $1,740,000 $474,954,000 0.366

SWIR SIERRA WIRELESS INC KPMG LLP $586,000 $567,308,000 0.103

SBGI SINCLAIR BROADCAST GROUP INC Ernst & Young LLP $1,770,000 $754,474,000 0.235

SKH SKILLED HEALTHCARE GROUP, INC. Ernst & Young LLP $1,690,000 $733,330,000 0.230

STRA STRAYER EDUCATION INC PricewaterhouseCoopers LLP $389,000 $396,275,000 0.098

SGS STREAM GLOBAL SERVICES, INC. BDO Seidman LLP $332,857 $211,373,000 0.157

SGS STREAM GLOBAL SERVICES, INC. Ernst & Young LLP $1,600,000 $211,373,000 0.757

VSAT VIASAT INC PricewaterhouseCoopers LLP $1,380,000 $574,650,000 0.241

VG VONAGE HOLDINGS CORP BDO Seidman LLP $1,770,000 $900,120,000 0.197

August 5, 2010 www.cfo.com/fees Page 40 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2008

Data: Red-Flag Companies within Your Peer Group

This table shows which companies within your selected peer group had red flags associated with their audits, andwhat those red flags were.

For the year shown, the audit fee data pertaining to these companies was not included when calculating the "redflags excluded" results.

Red-flag events are:

auditor changesrestatementsmanagement-reported control failuresauditor-reported control failures

In most cases, these events are likely to cause audit fees to be abnormally high. However, an auditor change alsocan result in abnormally low audit fees paid by a client to a given auditor in a given year.

Note that if your own company has a red flag, its audit fees are excluded from the "red flags excluded" calculations,but your company will still appear on charts that provide a comparison between your company's performance andthat of its peer group.

Ticker Company

AuditorChangeFlag

Restate-mentFlag

ICFRMgmtFlag

ICFRAuditorFlag Auditor Audit Fees Revenue

Audit Feesas aPercentageof Revenue

BLC BELO CORP - - Ernst & YoungLLP

$1,150,000 $733,470,000 0.157

GNCMA GENERALCOMMUNICATION INC

- KPMG LLP $1,460,000 $575,442,000 0.254

HELE HELEN OF TROY LTD - - - Grant ThorntonLLP

$752,300 $652,548,000 0.115

HHGP HUDSON HIGHLANDGROUP INC

- - - KPMG LLP $2,910,000 $1,080,231,000 0.269

MTE MAHANAGAR TELEPHONENIGAM LTD

- - P Parikh &Associates CA

$142,836 $1,117,000,000 0.013

NTLS NTELOS HOLDINGS CORP - - - KPMG LLP $835,190 $539,836,000 0.155

SKH SKILLED HEALTHCAREGROUP, INC.

- - Ernst & YoungLLP

$1,690,000 $733,330,000 0.230

SGS STREAM GLOBALSERVICES, INC.

- - - BDO SeidmanLLP

$332,857 $211,373,000 0.157

SGS STREAM GLOBALSERVICES, INC.

- - - Ernst & YoungLLP

$1,600,000 $211,373,000 0.757

August 5, 2010 www.cfo.com/fees Page 41 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2008

Auditors: Analysis of Individual Firm Fees

This analysis shows how many companies in your peer group were audited by each auditor, and how much eachauditor's fees varied (as a percent of each client's revenue). Companies with red flags are included, which mayincrease the fees shown for some auditors.

This table also estimates what each auditor listed hypothetically would have charged your company. This estimateis calculated by multiplying your company's revenue for the year by the average percent of revenue charged by eachauditor. This estimate has not been approved or verified by the firms themselves.

(CIEN) 2007 Audit Fees $2,620,000(CIEN) 2007 Revenue $779,769,000(CIEN) 2007 Audit Fees as a Percentage of Revenue 0.336303

Audit Firm

#of

ClientsMax(%)

Min(%)

Range(%)

Average(%)

StandardDeviation

(%)

(CIEN)HypotheticalAudit Fee

BDO 6 5.368 0.145 5.222 0.214 2.104 $1,666,740

D&T 7 0.515 0.102 0.413 0.300 0.150 $2,338,914

E&Y 11 0.407 0.076 0.331 0.200 0.103 $1,560,085

KPMG 12 0.571 0.009 0.562 0.179 0.142 $1,392,222

PWC 9 0.681 0.118 0.563 0.321 0.157 $2,505,481

Regional and Local Firms 3 0.425 0.006 0.418 0.092 0.218 $720,005

Peer Group 48 5.368 0.006 5.361 0.230 0.753 $1,797,030

The hypothetical audit fee is calculated by applying the average audit fee charged to your company's revenue. The firms listed have not approved or verified thisestimate.

The top eight firms audit approximately 65% of the market cap of all publicly traded companies. There are more than 100 other firms, but many have only one or twoclients. To provide meaningful comparisons and fee ranges, this report aggregates firms below the top eight into a "Regional & Local Firms" category. A completelisting of companies in your peer group and the names of all individual firms appear below.

August 5, 2010 www.cfo.com/fees Page 42 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2007

Auditors: Individual Firm Fees as a Percentage of Client Revenue

This chart shows the average audit fee (as a percent of revenue) that each auditor charged the companies in yourpeer group.

The peer group analyzed here includes companies with red flags, that is, restatements, control failures (reported byauditors or management), or auditor changes that could cause their audit fees to skew abnormally high or low.

The lowest bar on the chart displays what your company paid to its audit firm. (If your company paid more than oneauditor during the year, the audit fee shown represents the total amount paid it paid as a percent of revenue.)

2007

August 5, 2010 www.cfo.com/fees Page 43 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2007

Auditors: Market Share

This chart shows the complete market share held by each audit firm for all companies (including those with redflags) in your peer group. Market share for each firm is calculated as the number of clients served as a percent oftotal number of clients within the peer group.

Note: Because this chart includes auditor changes, the percentages shown may not equal 100%

2007 Market Share Analysis

August 5, 2010 www.cfo.com/fees Page 44 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2007

Red Flags: How Outliers Affect Audit Fees

This graph shows how audit fees are affected by outliers (red flags) such as restatements, control failures, andauditor changes.

From top to bottom, the bars show average audit fees paid by:

your entire industry, excluding red flagsyour peer group, excluding red flagsall red-flag companies in your industry as a wholeall red-flag companies in your peer group

Note: Not all bars appear if your industry or peer group has no red flags. An analysis of your peer group's red flagsappears in the next chart.

How Red Flags Affected Audit Fees in the Telecommunications Industry in 2007

August 5, 2010 www.cfo.com/fees Page 45 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2007

Red Flags: Summary of Red Flags within Your Peer Group

This table shows how many companies within your selected peer group have red flags associated with their audits.

The CFO Audit Fee Report allows you to include or exclude audit fees for companies that had events that couldcause their audit fees to skew abnormally high or low. Red-flag events include:

restatementsmanagement-reported control failuresauditor-reported control failuresauditor changes

In most cases, these events are likely to cause audit fees to be abnormally high. However, an auditor change alsocan result in abnormally low audit fees paid by a client to a given auditor in a given year.

For some companies, particularly those that have had, or anticipate having, a red-flag event, it is useful to see ananalysis that shows the full range of possible audit fees, including red flags.

Total Number of Companies with a Red-Flag Event : 7

Type of Red-Flag Event Companies with a Red-Flag % of Total

Restatements 5 71%

Management-reported control failures 3 43%

Auditor-reported control failures 3 43%

Auditor changes 0 0%

Some companies may have multiple red flags, so the number of individual red flags shown here may add up to more than the total number of companies with redflags.

August 5, 2010 www.cfo.com/fees Page 46 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2007

Data: Your Peer Group

The following shows the full list of companies in your selected peer group, as well as their individual audit firms anddata regarding what each company paid for audit and audit-related fees.

Ticker Company Auditor Audit Fees Revenue

Audit Feesas aPercentageof Revenue

ADCT ADC TELECOMMUNICATIONS INC Ernst & Young LLP $3,260,000 $1,322,200,000 0.247

ARP AMERICAN REPROGRAPHICS CO PricewaterhouseCoopers LLP $2,440,000 $688,354,000 0.355

BLC BELO CORP Ernst & Young LLP $2,190,000 $1,515,625,000 0.145

CDI CDI CORP KPMG LLP $1,730,000 $1,187,299,000 0.146

CETV CENTRAL EUROPEAN MEDIA ENTERPRISES LTD Deloitte & Touche LLP $2,910,000 $839,991,000 0.346

CKP CHECKPOINT SYSTEMS INC PricewaterhouseCoopers LLP $2,940,000 $834,156,000 0.352

CSR CHINA SECURITY & SURVEILLANCE TECHNOLOGY, INC. GHP Horwath PC $1,020,000 $240,188,000 0.425

CIEN CIENA CORP PricewaterhouseCoopers LLP $2,620,000 $779,769,000 0.336

CFS COMFORCE CORP KPMG LLP $744,000 $586,685,000 0.127

COMSYS IT PARTNERS INC Ernst & Young LLP $1,210,000 $743,265,000 0.163

CMTL COMTECH TELECOMMUNICATIONS CORP /DE/ KPMG LLP $990,000 $445,684,000 0.222

CJR CORUS ENTERTAINMENT INC Ernst & Young LLP $1,430,000 $724,847,775 0.197

CCRN CROSS COUNTRY HEALTHCARE INC Ernst & Young LLP $1,190,000 $718,272,469 0.166

CTCM CTC MEDIA, INC. Ernst & Young LLP $851,000 $472,056,000 0.180

DLB DOLBY LABORATORIES, INC. KPMG LLP $2,750,000 $482,028,000 0.571

ESC EMERITUS CORP/WA/ KPMG LLP $1,870,000 $545,639,000 0.343

ENSG ENSIGN GROUP, INC Deloitte & Touche LLP $1,960,000 $411,318,000 0.478

EQIX EQUINIX INC PricewaterhouseCoopers LLP $2,860,000 $419,442,000 0.681

ESE ESCO TECHNOLOGIES INC KPMG LLP $997,500 $527,537,000 0.189

GKSR G&K SERVICES INC Ernst & Young LLP $705,000 $929,542,000 0.076

GNCMA GENERAL COMMUNICATION INC KPMG LLP $660,000 $520,311,000 0.127

HHS HARTE HANKS INC KPMG LLP $1,170,000 $1,162,886,000 0.101

HELE HELEN OF TROY LTD KPMG LLP $919,600 $634,932,000 0.145

HHGP HUDSON HIGHLAND GROUP INC BDO Seidman LLP $2,140,000 $1,179,075,000 0.182

KFRC KFORCE INC Deloitte & Touche LLP $1,060,000 $1,036,915,000 0.102

LINC LINCOLN EDUCATIONAL SERVICES CORP Deloitte & Touche LLP $722,800 $327,774,000 0.221

LORL LORAL SPACE & COMMUNICATIONS INC. Deloitte & Touche LLP $4,550,000 $882,454,000 0.515

MTE MAHANAGAR TELEPHONE NIGAM LTD Chandabhoy & Jassoobhoy $64,266 $1,055,000,000 0.006

August 5, 2010 www.cfo.com/fees Page 47 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2007

Ticker Company Auditor Audit Fees Revenue

Audit Feesas aPercentageof Revenue

MDCA MDC PARTNERS INC BDO Seidman LLP $1,810,000 $547,319,000 0.331

MDCA MDC PARTNERS INC KPMG LLP $47,500 $547,319,000 0.009

MITL MITEL NETWORKS CORP Deloitte & Touche LLP $826,458 $384,900,000 0.215

MWW MONSTER WORLDWIDE INC BDO Seidman LLP $3,100,000 $1,351,309,000 0.229

NHC NATIONAL HEALTHCARE CORP BDO Seidman LLP $867,900 $598,034,000 0.145

NTGR NETGEAR, INC PricewaterhouseCoopers LLP $1,510,000 $727,787,000 0.207

NTLS NTELOS HOLDINGS CORP KPMG LLP $823,056 $500,394,000 0.164

ODSY ODYSSEY HEALTHCARE INC Ernst & Young LLP $723,200 $404,872,000 0.179

PLT PLANTRONICS INC /CA/ PricewaterhouseCoopers LLP $2,920,000 $800,154,000 0.365

PLCM POLYCOM INC PricewaterhouseCoopers LLP $2,230,000 $929,908,000 0.239

PWAV POWERWAVE TECHNOLOGIES INC Deloitte & Touche LLP $1,960,000 $780,517,000 0.251

RCNI RCN CORP /DE/ Friedman LLP $699,000 $636,097,000 0.110

SBAC SBA COMMUNICATIONS CORP Ernst & Young LLP $1,660,000 $408,201,000 0.406

SWIR SIERRA WIRELESS INC KPMG LLP $833,000 $439,903,000 0.189

SBGI SINCLAIR BROADCAST GROUP INC Ernst & Young LLP $1,390,000 $718,100,000 0.194

SKH SKILLED HEALTHCARE GROUP, INC. Ernst & Young LLP $2,580,000 $634,607,000 0.407

STRA STRAYER EDUCATION INC PricewaterhouseCoopers LLP $374,100 $318,012,000 0.118

SGS STREAM GLOBAL SERVICES, INC. BDO Seidman LLP $113,761 $2,119,427 5.368

VSAT VIASAT INC PricewaterhouseCoopers LLP $1,430,000 $516,566,000 0.277

VG VONAGE HOLDINGS CORP BDO Seidman LLP $1,600,000 $828,228,000 0.193

August 5, 2010 www.cfo.com/fees Page 48 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2007

Data: Red-Flag Companies within Your Peer Group

This table shows which companies within your selected peer group had red flags associated with their audits, andwhat those red flags were.

For the year shown, the audit fee data pertaining to these companies was not included when calculating the "redflags excluded" results.

Red-flag events are:

auditor changesrestatementsmanagement-reported control failuresauditor-reported control failures

In most cases, these events are likely to cause audit fees to be abnormally high. However, an auditor change alsocan result in abnormally low audit fees paid by a client to a given auditor in a given year.

Note that if your own company has a red flag, its audit fees are excluded from the "red flags excluded" calculations,but your company will still appear on charts that provide a comparison between your company's performance andthat of its peer group.

Ticker Company

AuditorChangeFlag

Restate-mentFlag

ICFRMgmtFlag

ICFRAuditorFlag Auditor

AuditFees Revenue

Audit Feesas aPercentageof Revenue

BLC BELO CORP - - - Ernst & YoungLLP

$2,190,000 $1,515,625,000 0.145

CETV CENTRAL EUROPEAN MEDIAENTERPRISES LTD

- - - Deloitte & ToucheLLP

$2,910,000 $839,991,000 0.346

GNCMA GENERAL COMMUNICATIONINC

- KPMG LLP $660,000 $520,311,000 0.127

HHGP HUDSON HIGHLAND GROUPINC

- - - BDO SeidmanLLP

$2,140,000 $1,179,075,000 0.182

LORL LORAL SPACE &COMMUNICATIONS INC.

- - Deloitte & ToucheLLP

$4,550,000 $882,454,000 0.515

MTE MAHANAGAR TELEPHONENIGAM LTD

- - Chandabhoy &Jassoobhoy

$64,266 $1,055,000,000 0.006

VG VONAGE HOLDINGS CORP - - - BDO SeidmanLLP

$1,600,000 $828,228,000 0.193

August 5, 2010 www.cfo.com/fees Page 49 of 51Copyright © 2010, CFO Publishing LLC

Analysis 2007

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