Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - EPIQ SYSTEMS INC | a11-9463_110q.htm |
| EX-31.1 - EX-31.1 - EPIQ SYSTEMS INC | a11-9463_1ex31d1.htm |
| EX-31.2 - EX-31.2 - EPIQ SYSTEMS INC | a11-9463_1ex31d2.htm |
| EX-32.1 - EX-32.1 - EPIQ SYSTEMS INC | a11-9463_1ex32d1.htm |
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
EPIQ SYSTEMS, INC.
(In Thousands, except for Ratio)
|
|
|
Three months |
|
Year Ended December 31, |
| ||||||||||||||
|
|
|
2011 |
|
2010 |
|
2009 |
|
2008 |
|
2007 |
|
2006 |
| ||||||
|
Earnings |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Net income |
|
$ |
3,082 |
|
$ |
13,929 |
|
$ |
14,595 |
|
$ |
13,836 |
|
$ |
6,929 |
|
$ |
35,131 |
|
|
Income tax expense |
|
2,255 |
|
12,641 |
|
12,266 |
|
10,507 |
|
4,066 |
|
22,834 |
| ||||||
|
Fixed charges |
|
1,717 |
|
5,335 |
|
4,023 |
|
3,505 |
|
13,882 |
|
15,349 |
| ||||||
|
Earnings available for fixed charges |
|
7,054 |
|
31,905 |
|
30,884 |
|
27,848 |
|
24,877 |
|
73,314 |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Fixed Charges |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Interest expense * |
|
696 |
|
1,537 |
|
1,160 |
|
1,331 |
|
10,980 |
|
12,023 |
| ||||||
|
Amortization of deferred loan charges |
|
114 |
|
393 |
|
314 |
|
426 |
|
993 |
|
1,445 |
| ||||||
|
Estimated interest expense in leases |
|
907 |
|
3,405 |
|
2,549 |
|
1,748 |
|
1,909 |
|
1,881 |
| ||||||
|
Total fixed charges |
|
$ |
1,717 |
|
$ |
5,335 |
|
$ |
4,023 |
|
$ |
3,505 |
|
$ |
13,882 |
|
$ |
15,349 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Ratio of Earnings to Fixed Charges |
|
4.1 |
|
6.0 |
|
7.7 |
|
7.9 |
|
1.8 |
|
4.8 |
| ||||||
* Interest included in fixed charges includes only interest on third party indebtedness and, accordingly, we have excluded accrued interest expense related to uncertain tax positions.