BROCADE COMMUNICATIONS SYSTEMS INC - FORM 10-K - EX-12.1 - STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - December 14, 2009

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10-K - FORM 10-K - BROCADE COMMUNICATIONS SYSTEMS INCd10k.htm
EX-10.148 - AMENDMENT NO. 5 TO THE GOODS AGREEMENT - BROCADE COMMUNICATIONS SYSTEMS INCdex10148.htm
EX-10.149 - AMENDMENT NO. 38 TO STATEMENT OF WORK NUMBER 1 OF THE GOODS AGREEMENT - BROCADE COMMUNICATIONS SYSTEMS INCdex10149.htm
EX-21.1 - SUBSIDIARIES OF THE REGISTRANT - BROCADE COMMUNICATIONS SYSTEMS INCdex211.htm
EX-31.2 - RULE 13A-14(A)/15D-14(A) CERTIFICATION BY THE CHIEF FINANCIAL OFFICER - BROCADE COMMUNICATIONS SYSTEMS INCdex312.htm
EX-32.1 - CERTIFICATION BY THE CEO AND CFO PURSUANT TO 18 U.S.C. SECTION 1350 - BROCADE COMMUNICATIONS SYSTEMS INCdex321.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - BROCADE COMMUNICATIONS SYSTEMS INCdex231.htm
EX-31.1 - RULE 13A-14(A)/15D-14(A) CERTIFICATION BY THE CHIEF EXECUTIVE OFFICER - BROCADE COMMUNICATIONS SYSTEMS INCdex311.htm
EX-10.156 - AMENDMENT NO. 3 TO STATEMENT OF WORK NUMBER 8 TO GOODS AGREEMENT - BROCADE COMMUNICATIONS SYSTEMS INCdex10156.htm
EX-10.151 - AMENDMENT NO. 17 TO STATEMENT OF WORK NUMBER 3 OF THE GOODS AGREEMENT - BROCADE COMMUNICATIONS SYSTEMS INCdex10151.htm
EX-10.152 - AMENDMENT NO. 4 TO STATEMENT OF WORK NUMBER 7 OF THE GOODS AGREEMENT - BROCADE COMMUNICATIONS SYSTEMS INCdex10152.htm
EX-10.153 - AMENDMENT NO. 5 TO STATEMENT OF WORK NUMBER 7 OF THE GOODS AGREEMENT - BROCADE COMMUNICATIONS SYSTEMS INCdex10153.htm
EX-10.155 - AMENDMENT NO. 2 TO STATEMENT OF WORK NUMBER 8 TO GOODS AGREEMENT - BROCADE COMMUNICATIONS SYSTEMS INCdex10155.htm
EX-10.150 - AMENDMENT NO. 16 TO STATEMENT OF WORK NUMBER 3 OF THE GOODS AGREEMENT - BROCADE COMMUNICATIONS SYSTEMS INCdex10150.htm
EX-10.154 - AMENDMENT NO. 1 TO STATEMENT OF WORK NUMBER 8 TO GOODS AGREEMENT - BROCADE COMMUNICATIONS SYSTEMS INCdex10154.htm

Exhibit 12.1

Statement of Computation of Ratio of Earnings to Fixed Charges

(in thousands, except ratios)

 

     Fiscal Year Ended  
     October 31,
2009		     October 25,
2008		     October 27,
2007		     October 28,
2006		     October 29,
2005		  

Earnings (loss) from continuing operations before taxes

    $ (66,013 )    $ 29,922      $ 144,915      $ 98,352      $ 55,198   

Adjustments:

           

Add fixed charges

      107,655        17,020        11,573        10,698        11,271   

Less capitalized interest

      (9,093 )      (1,439 )      —          —          —     
                                        

Total fixed charges from continuing operations

      98,562        15,581        11,573        10,698        11,271   
                                        

Earnings before taxes and fixed charges, net of capitalized interest

    $ 32,449      $ 45,503      $ 156,488      $ 109,050      $ 66,469   
                                        

Fixed charges:

           

Interest expense

      91,282        10,068        6,414        7,082        7,693   

Capitalized interest

      9,093        1,439        —          —          —     

Interest component of rent expense

      7,281        5,513        5,159        3,616        3,578   
                                        

Total fixed charges from continuing operations

      107,655        17,020        11,573        10,698        11,271   
                                        

Ratio of earnings to fixed charges (1)

      0.3 x      2.7 x      13.5 x      10.2 x      5.9 x 

Coverage deficiency

    $ —        $ —        $ —        $ —        $ —     
                                        

 

(1) The ratio of earnings to fixed charges was computed by dividing earnings from continuing operations before taxes and fixed charges, net of capitalized interest, by total fixed charges from continuing operations for the periods indicated. Fixed charges from continuing operations include (i) interest expense and capitalization and amortization of debt discount and issuance costs on all indebtedness and (ii) one-third of all rental expense, which the Company considers to be a reasonable approximation of the interest factor included in rental expense.

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