Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - EPIQ SYSTEMS INC | Financial_Report.xls |
| 10-Q - 10-Q - EPIQ SYSTEMS INC | a12-7833_110q.htm |
| EX-31.2 - EX-31.2 - EPIQ SYSTEMS INC | a12-7833_1ex31d2.htm |
| EX-32.1 - EX-32.1 - EPIQ SYSTEMS INC | a12-7833_1ex32d1.htm |
| EX-31.1 - EX-31.1 - EPIQ SYSTEMS INC | a12-7833_1ex31d1.htm |
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
EPIQ SYSTEMS, INC.
(In Thousands, except for Ratio)
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Year Ended December 31, |
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Three months |
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2011 |
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2010 |
|
2009 |
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2008 |
|
2007 |
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Earnings |
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|
|
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|
|
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|
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Net income |
|
$ |
2,039 |
|
$ |
12,080 |
|
$ |
13,929 |
|
$ |
14,595 |
|
$ |
13,836 |
|
$ |
6,929 |
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|
Income tax expense |
|
711 |
|
8,827 |
|
12,641 |
|
12,266 |
|
10,507 |
|
4,066 |
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Fixed charges |
|
3,740 |
|
9,651 |
|
5,335 |
|
4,023 |
|
3,505 |
|
13,882 |
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|
Earnings available for fixed charges |
|
6,490 |
|
30,558 |
|
31,905 |
|
30,884 |
|
27,848 |
|
24,877 |
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Fixed Charges |
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|
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Interest expense * |
|
2,547 |
|
5,204 |
|
1,537 |
|
1,160 |
|
1,331 |
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10,980 |
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Amortization of deferred loan charges |
|
179 |
|
640 |
|
393 |
|
314 |
|
426 |
|
993 |
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Estimated interest expense in leases |
|
1,014 |
|
3,807 |
|
3,405 |
|
2,549 |
|
1,748 |
|
1,909 |
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Total fixed charges |
|
$ |
3,740 |
|
$ |
9,651 |
|
$ |
5,335 |
|
$ |
4,023 |
|
$ |
3,505 |
|
$ |
13,882 |
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|
|
|
|
|
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|
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Ratio of Earnings to Fixed Charges |
|
1.7 |
|
3.2 |
|
6.0 |
|
7.7 |
|
7.9 |
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1.8 |
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* 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.