Attached files
Exhibit 12.1
Volcano Corporation
Computation of Earnings to Fixed Charges Ratio
(Unaudited—in thousands)
| Years Ended December 31, | ||||||||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
| Earnings (loss) |
||||||||||||||||||||
| Income (loss) before provision for income taxes |
$ | 7,327 | $ | (27,767 | ) | $ | (13,085 | ) | $ | (26,052 | ) | $ | (8,305 | ) | ||||||
| Fixed charges |
4,330 | 1,895 | 1,208 | 996 | 4,595 | |||||||||||||||
| Total |
11,657 | (25,872 | ) | (11,877 | ) | (25,056 | ) | (3,710 | ) | |||||||||||
| Fixed Charges |
||||||||||||||||||||
| Interest expense on indebtedness and amortization of deferred financing costs |
$ | 2,192 | $ | 5 | $ | 113 | $ | 199 | $ | 4,013 | ||||||||||
| Interest component of rentals (1) |
2,138 | 1,890 | 1,095 | 797 | 582 | |||||||||||||||
| Total |
$ | 4,330 | $ | 1,895 | $ | 1,208 | $ | 996 | $ | 4,595 | ||||||||||
| Excess (deficiency of) earnings available to cover fixed charges |
$ | 7,327 | $ | (27,767 | ) | $ | (13,085 | ) | $ | (26,052 | ) | $ | (8,305 | ) | ||||||
| (1) | Represents the estimated portion of operating lease rental expense that is considered by us to be representative of interest and amortization of discount related to indebtedness. |