Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - IPG PHOTONICS CORP | b80519e10vq.htm |
| EX-32 - EX-32 - IPG PHOTONICS CORP | b80519exv32.htm |
| EX-31.2 - EX-31.2 - IPG PHOTONICS CORP | b80519exv31w2.htm |
| EX-31.1 - EX-31.1 - IPG PHOTONICS CORP | b80519exv31w1.htm |
Exhibit 12.1
STATEMENT RE COMPUTATION OF EARNINGS TO FIXED CHARGES
| Three Months Ended | ||||||||||||||||||||||||
| March 31, | Year Ended December 31, | |||||||||||||||||||||||
| (in thousands) | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||||
Ratio of Earnings to Fixed Charges |
||||||||||||||||||||||||
Earnings: |
||||||||||||||||||||||||
Income before income taxes |
$ | 5,057 | $ | 7,769 | $ | 56,564 | $ | 47,610 | $ | 28,119 | $ | 11,933 | ||||||||||||
Add: |
||||||||||||||||||||||||
Amortization of capitalized interest |
35 | 35 | 32 | 19 | 13 | 8 | ||||||||||||||||||
Fixed charges, net of capitalized interest |
568 | 1,966 | 2,151 | 2,060 | 1,857 | 2,023 | ||||||||||||||||||
Income before income taxes and fixed
charges, net |
||||||||||||||||||||||||
| $ | 5,660 | $ | 9,770 | $ | 58,747 | $ | 49,689 | $ | 29,989 | $ | 13,964 | |||||||||||||
Fixed Charges: |
||||||||||||||||||||||||
Total interest expense |
$ | 279 | $ | 1,695 | $ | 1,669 | $ | 1,630 | $ | 1,629 | $ | 1,873 | ||||||||||||
Capitalized interest |
0 | 75 | 390 | 186 | 149 | 239 | ||||||||||||||||||
Interest factor in rents |
289 | 271 | 482 | 430 | 228 | 150 | ||||||||||||||||||
Total fixed charges |
$ | 568 | $ | 2,041 | $ | 2,541 | $ | 2,246 | $ | 2,006 | $ | 2,262 | ||||||||||||
Ratio of earnings to fixed charges |
10.0 | x | 4.8 | x | 23.1 | x | 22.1 | x | 15.0 | x | 6.2 | x | ||||||||||||