ELECTRONICS FOR IMAGING INC - FORM 10-K - EX-12.1 - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - March 9, 2011

Attached files

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10-K - ANNUAL REPORT ON FORM 10-K - ELECTRONICS FOR IMAGING INCd10k.htm
EX-21 - LIST OF SUBSIDIARIES - ELECTRONICS FOR IMAGING INCdex21.htm
EX-31.1 - CERTIFICATION OF CEO PURSUANT TO SECTION 302 - ELECTRONICS FOR IMAGING INCdex311.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - ELECTRONICS FOR IMAGING INCdex231.htm
EX-32.1 - CERTIFICATION OF CEO AND CFO PURSUANT TO SECTION 906 - ELECTRONICS FOR IMAGING INCdex321.htm
EX-31.2 - CERTIFICATION OF CFO PURSUANT TO SECTION 302 - ELECTRONICS FOR IMAGING INCdex312.htm

Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges

 

     Years Ended December 31,  
     2006      2007      2008     2009      2010  

Income (loss) from continuing operations before income taxes

    $ 41,531       $ 22,209       $ (133,076 )    $ 16,035       $ (1,630 ) 

Fixed charges:

              

Interest expense

      5,028         5,012         1,537        4         43   

Interest relating to rental expense (1)

      5,790         6,339         5,314        2,438         2,533   
                                           

Total fixed charges

      10,818         11,351         6,851        2,442         2,576   
                                           

Earnings available for fixed charges

    $ 52,349       $ 33,560       $ (126,225 )    $ 18,477       $ 946   
                                           

Ratio of earnings to fixed charges

      4.84         2.96         N/A (2)      7.57         0.37   
                                           

 

(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, 2008 which was deemed to be all interest.
(2) 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 the year was $133.1 million.

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