Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - Lawson Software, Inc. | a10-5723_110q.htm |
| EX-32.1 - EX-32.1 - Lawson Software, Inc. | a10-5723_1ex32d1.htm |
| EX-10.1 - EX-10.1 - Lawson Software, Inc. | a10-5723_1ex10d1.htm |
| EX-31.1 - EX-31.1 - Lawson Software, Inc. | a10-5723_1ex31d1.htm |
| EX-10.2 - EX-10.2 - Lawson Software, Inc. | a10-5723_1ex10d2.htm |
| EX-31.2 - EX-31.2 - Lawson Software, Inc. | a10-5723_1ex31d2.htm |
| EX-32.2 - EX-32.2 - Lawson Software, Inc. | a10-5723_1ex32d2.htm |
Exhibit 12.1
LAWSON SOFTWARE, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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Quarter Ended |
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February 28, |
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Fiscal Years Ended May 31, |
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(In thousands, except ratios) |
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2010 |
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2009 |
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2008 |
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2007 |
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2006 |
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2005 |
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Fixed charges: |
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Interest expense on indebtedness (1) |
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$ |
4,514 |
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$ |
15,625 |
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$ |
15,976 |
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$ |
5,031 |
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$ |
53 |
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$ |
49 |
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Rent interest factor (2) |
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2,194 |
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9,671 |
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10,467 |
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8,994 |
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5,454 |
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4,733 |
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Total fixed charges |
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$ |
6,708 |
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$ |
25,296 |
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$ |
26,443 |
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$ |
14,025 |
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$ |
5,507 |
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$ |
4,782 |
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Earnings: |
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Income (loss) before provision for income taxes (1) |
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$ |
7,794 |
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$ |
35,922 |
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$ |
41,649 |
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$ |
(7,434 |
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$ |
27,667 |
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$ |
8,117 |
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Fixed charges |
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6,708 |
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25,296 |
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26,443 |
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14,025 |
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5,507 |
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4,782 |
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Total earnings |
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$ |
14,502 |
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$ |
61,218 |
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$ |
68,092 |
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$ |
6,591 |
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$ |
33,174 |
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$ |
12,899 |
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Ratio |
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2.16 |
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2.42 |
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2.58 |
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0.47 |
(3) |
6.02 |
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2.70 |
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(1) Adjusted for the impact of our adoption of the FASB guidance on accounting for convertible debt securities.
(2) Approximately 1/3 of rent expense is deemed representative of the interest factor.
(3) Our ratio of earnings to fixed charges was below a one-to-one coverage by $7.4 million due to our net loss generated in fiscal 2007.