Attached files
Exhibit 12.1
Electronics For Imaging, Inc.
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except for ratio of earnings to fixed charges)
| Six Months Ended | |||||||||||||||||||||
| Years Ended December 31, | June 30, | ||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | ||||||||||||||||
| Income (loss) from continuing operations before income taxes |
$ | (4,469 | ) | $ | 41,531 | $ | 22,209 | $ | (133,076 | ) | $ | 16,035 | $ | (14,331 | ) | ||||||
| Fixed charges: |
|||||||||||||||||||||
| Interest expense |
5,010 | 5,028 | 5,012 | 1,537 | 4 | 16 | |||||||||||||||
| Interest relating to rental expense (1) |
4,079 | 5,790 | 6,339 | 5,314 | 2,438 | 1,320 | |||||||||||||||
| Total fixed charges |
9,089 | 10,818 | 11,351 | 6,851 | 2,442 | 1,336 | |||||||||||||||
| Earnings available for fixed charges |
$ | 4,620 | $ | 52,349 | $ | 33,560 | $ | (126,225 | ) | $ | 18,477 | $ | (12,995 | ) | |||||||
| Ratio of earnings to fixed charges |
N/A | (2) | 4.84 | 2.96 | N/A | (3) | 7.57 | N/A | (4) | ||||||||||||
| (1) | The representative interest portion of rental expense was deemed to be one-third of all rental expense, except for the rental expense related to the off-balance sheet financing leases, as described in the footnotes to the financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2009, which was deemed to be all interest. |
| (2) | For the year ended December 31, 2005 our earnings were insufficient to cover fixed charges; the amount of additional earnings needed to cover fixed charges for 2005 was $4.5 million. |
| (3) | For the year ended December 31, 2008 our earnings were insufficient to cover fixed charges; the amount of additional earnings needed to cover fixed charges for 2008 was $133.1 million. |
| (4) | For the six months ended June 30, 2010 our earnings were insufficient to cover fixed charges; the amount of additional earnings needed to cover fixed charges for 2010 was $14.3 million. |