Attached files
| file | filename |
|---|---|
| 10-K - 10-K - Lawson Software, Inc. | a2199377z10-k.htm |
| EX-32.2 - EXHIBIT 32.2 - Lawson Software, Inc. | a2199377zex-32_2.htm |
| EX-23.1 - EXHIBIT 23.1 - Lawson Software, Inc. | a2199377zex-23_1.htm |
| EX-31.2 - EXHIBIT 31.2 - Lawson Software, Inc. | a2199377zex-31_2.htm |
| EX-21.1 - EXHIBIT 21.1 - Lawson Software, Inc. | a2199377zex-21_1.htm |
| EX-32.1 - EXHIBIT 32.1 - Lawson Software, Inc. | a2199377zex-32_1.htm |
| EX-10.46 - EXHIBIT 10.46 - Lawson Software, Inc. | a2199377zex-10_46.htm |
| EX-10.47 - EXHIBIT 10.47 - Lawson Software, Inc. | a2199377zex-10_47.htm |
| EX-10.48 - EXHIBIT 10.48 - Lawson Software, Inc. | a2199377zex-10_48.htm |
| EX-31.1 - EXHIBIT 31.1 - Lawson Software, Inc. | a2199377zex-31_1.htm |
Exhibit 12.1
LAWSON SOFTWARE, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| |
Fiscal Years Ended May 31, | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
(in thousands, except ratios)
|
2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||
Fixed Charges: |
||||||||||||||||
Interest expense on indebtedness(1) |
$ | 16,238 | $ | 15,625 | $ | 15,976 | $ | 5,031 | $ | 53 | ||||||
Rent interest factor(2) |
9,689 | 9,671 | 10,467 | 8,994 | 5,454 | |||||||||||
Total fixed charges |
$ | 25,927 | $ | 25,296 | $ | 26,443 | $ | 14,025 | $ | 5,507 | ||||||
Earnings: |
||||||||||||||||
Income (loss) before provision for income taxes(1) |
$ | 40,636 | $ | 35,922 | $ | 37,733 | $ | (7,434 | ) | $ | 27,667 | |||||
Fixed charges |
25,927 | 25,296 | 26,443 | 14,025 | 5,507 | |||||||||||
Total earnings |
$ | 66,563 | $ | 61,218 | $ | 64,176 | $ | 6,591 | $ | 33,174 | ||||||
Ratio |
2.57 | 2.42 | 2.43 | 0.47 | (3) | 6.02 | ||||||||||
- (1)
- Fiscal
2007 - 2009 are adjusted for the impact of our adoption of the FASB guidance on accounting for convertible debt securities.
- (2)
- Approximately
1/3 of the 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 recorded in fiscal 2007.