Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 - EMULEX CORP /DE/ | elx062914ex32.htm |
| EX-31.1B - EXHIBIT 31.1B - EMULEX CORP /DE/ | elx062914ex311b.htm |
| EX-31.1 A - EXHIBIT 31.1A - EMULEX CORP /DE/ | elx062914ex311a.htm |
| EX-21 - EXHIBIT 21 - EMULEX CORP /DE/ | elx062914ex21.htm |
| EX-23 - EXHIBIT 23 - EMULEX CORP /DE/ | elx062924ex23.htm |
| EXCEL - IDEA: XBRL DOCUMENT - EMULEX CORP /DE/ | Financial_Report.xls |
| 10-K - 10-K - EMULEX CORP /DE/ | elx0629201410k.htm |
EXHIBIT 12
EMULEX CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except ratios)
Year Ended | |||||||||||||||||||
June 29, | June 30, | July 1, | July 3, | June 27, | |||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||
Earnings | |||||||||||||||||||
Earnings before income taxes | $ | (26,186 | ) | $ | (5,583 | ) | $ | (9,502 | ) | $ | (58,847 | ) | $ | 6,344 | |||||
Add: Fixed Charges | $ | 8,460 | $ | 1,690 | $ | 1,738 | $ | 2,396 | $ | 1,727 | |||||||||
Total Earnings | $ | (17,726 | ) | $ | (3,893 | ) | $ | (7,764 | ) | $ | (56,451 | ) | $ | 8,071 | |||||
Fixed Charges (a) | |||||||||||||||||||
Interest Expense | $ | 5,860 | $ | 23 | $ | 15 | $ | 373 | $ | 7 | |||||||||
Interest component of rental expense | $ | 2,600 | $ | 1,667 | $ | 1,723 | $ | 2,023 | $ | 1,720 | |||||||||
Total Fixed Charges | $ | 8,460 | $ | 1,690 | $ | 1,738 | $ | 2,396 | $ | 1,727 | |||||||||
Ratio of Earnings to Fixed Charges (b) | (c) | (c) | (c) | (c) | 4.67 | ||||||||||||||
(a) Fixed charges include the portion of rental expense that management believes is representative of the interest component.
(b) The ratio of earnings to fixed charges is computed by dividing Total Earnings by Total Fixed Charges.
(c) The ratio coverage in 2014, 2013, 2012 and 2011 was less than 1:1. The Company would have needed to generate additional earnings of approximately $26.2 million, $5.6 million, $9.5 million and $58.9 million to achieve a coverage ratio of 1:1 in 2014, 2013, 2012 and 2011, respectively.