MASIMO CORP - FORM 10-K - EX-12.1 - RATIO OF EARNING TO FIXED CHARGES - February 17, 2015

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EXCEL - IDEA: XBRL DOCUMENT - MASIMO CORPFinancial_Report.xls
EX-10.12 - EXECUTIVE MULTI-YEAR CASH BONUS AWARD PLAN, EFFECTIVE MARCH 13, 2014 - MASIMO CORPmasi-20150103x10kex1012.htm
EX-10.30 - AMENDMENT NO. 3 TO THE NOVEMBER 1, 2009 LEASE AGREEMENT, 40 PARKER - MASIMO CORPmasi-20150103x10kex1030.htm
EX-10.11 - EXECUTIVE RESTATED ANNUAL CASH BONUS AWARD PLAN, EFFECTIVE MARCH 13, 2014 - MASIMO CORPmasi-20150103x10kex1011.htm
EX-10.32 - AMENDMENT TO AUGUST 1, 2009 LEASE AGREEMENT, 50 PARKER - MASIMO CORPmasi-20150103x10kex1032.htm
EX-31.2 - EXHIBIT 31.2 - MASIMO CORPmasi-20150103x10kex312.htm
EX-31.1 - EXHIBIT 31.1 - MASIMO CORPmasi-20150103x10kex311.htm
EX-10.21 - AMENDED AND RESTATED 2007 SEVERANCE PROTECTION PLAN AGREEMENT, TOM MCCLENAHAN - MASIMO CORPmasi-20150103x10kex1021.htm
EX-21.1 - LIST OF SUBSIDIARIES - MASIMO CORPmasi-20150103x10kex211.htm
EX-32.1 - EXHIBIT 32.1 - MASIMO CORPmasi-20150103x10kex321.htm
EX-10.44 - CREDIT AGREEMENT DATED AS OF APRIL 23, 2014, JPMORGAN CHASE BANK N.A. - MASIMO CORPmasi-20150103x10kex1044.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - MASIMO CORPmasi-2015x0103x10kex231.htm
10-K - 10-K - MASIMO CORPmasi-20150103x10k.htm
EX-10.34 - SECOND AMENDMENT TO JUNE 22, 2012 LEASE AGREEMENT, 9600 JERONIMO - MASIMO CORPmasi-20150103x10kex1034.htm


Exhibit 12.1

Masimo Corporation
Ratio of Earnings to Fixed Charges
(Dollars in thousands)

 
 
Fiscal Year Ended
 
 
January 3,
2015
 
December 28,
2013
 
December 29,
2012
 
December 31,
2011
 
January 1,
2011
Ratio of earnings to fixed charges:
 
 
 
 
 
 
 
 
 
Income before provision for income taxes
$
102,041

 
$
75,726

 
$
83,821

 
$
86,531

 
$
107,569

Fixed charges
3,381

 
2,705

 
2,514

 
1,910

 
1,941

Noncontrolling interests in pre-tax (income) loss
2,350

 
607

 
744

 
(58
)
 
(676
)
Total earnings
$
107,772

 
$
79,038

 
$
87,079

 
$
88,383

 
$
108,834

Fixed charges
 
 
 
 
 
 
 
 
 
Interest expensed
$
594

 
$
28

 
44

 
$
116

 
$
23

Estimated of interest within rental expense
2,787

 
2,677

 
2,470

 
1,794

 
1,918

Total fixed charges
$
3,381

 
$
2,705

 
$
2,514

 
$
1,910

 
$
1,941

Ratio of earnings to fixed charges
31.88

 
29.22

 
34.64

 
46.27

 
56.07


In the periods presented, there were no shares of preferred stock outstanding and no dividends paid on preferred stock. Therefore, the ratios of earnings to fixed charges and preferred stock dividends are not different from the ratios of earnings to fixed charges.



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