Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - IPG PHOTONICS CORP | b78702e10vk.htm |
| EX-23.1 - EX-23.1 - IPG PHOTONICS CORP | b78702exv23w1.htm |
| EX-21.1 - EX-21.1 - IPG PHOTONICS CORP | b78702exv21w1.htm |
| EX-31.1 - EX-31.1 - IPG PHOTONICS CORP | b78702exv31w1.htm |
| EX-31.2 - EX-31.2 - IPG PHOTONICS CORP | b78702exv31w2.htm |
| EX-32.1 - EX-32.1 - IPG PHOTONICS CORP | b78702exv32w1.htm |
Exhibit 12.1
STATEMENT RE COMPUTATION OF EARNINGS TO FIXED CHARGES
| Year Ended December 31, | ||||||||||||||||||||
| (in thousands) | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||
Ratio of Earnings to Fixed Charges |
||||||||||||||||||||
Earnings: |
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Income before income taxes |
$ | 7,769 | $ | 56,564 | $ | 47,610 | $ | 28,119 | $ | 11,933 | ||||||||||
Add: |
||||||||||||||||||||
Amortization of capitalized interest |
35 | 32 | 19 | 13 | 8 | |||||||||||||||
Fixed charges, net of capitalized interest |
1,966 | 2,151 | 2,060 | 1,857 | 2,023 | |||||||||||||||
Income before income taxes and fixed charges, net |
$ | 9,770 | $ | 58,747 | $ | 49,689 | $ | 29,988 | $ | 13,964 | ||||||||||
Fixed Charges: |
||||||||||||||||||||
Total interest expense |
$ | 1,695 | $ | 1,669 | $ | 1,630 | $ | 1,629 | $ | 1,873 | ||||||||||
Capitalized interest |
75 | 390 | 186 | 149 | 239 | |||||||||||||||
Interest factor in rents |
271 | 482 | 430 | 228 | 150 | |||||||||||||||
Total fixed charges |
$ | 2,041 | $ | 2,540 | $ | 2,246 | $ | 2,005 | $ | 2,262 | ||||||||||
Ratio of earnings to fixed charges |
4.8 | x | 23.1 | x | 22.1 | x | 15.0 | x | 6.2 | x | ||||||||||