Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - PMC SIERRA INC | Financial_Report.xls |
| EX-31.1 - EX-31.1 - PMC SIERRA INC | pmcs-20141227ex31110089a.htm |
| EX-23.2 - EX-23.2 - PMC SIERRA INC | pmcs-20141227ex2327c1eea.htm |
| EX-32.2 - EX-32.2 - PMC SIERRA INC | pmcs-20141227ex322e5c19e.htm |
| EX-31.2 - EX-31.2 - PMC SIERRA INC | pmcs-20141227ex31205eaec.htm |
| EX-32.1 - EX-32.1 - PMC SIERRA INC | pmcs-20141227ex3210a5420.htm |
| 10-K - 10-K - PMC SIERRA INC | pmcs-20141227x10k.htm |
| EX-23.1 - EX-23.1 - PMC SIERRA INC | pmcs-20141227ex231e71f21.htm |
PMC-SIERRA, INC.
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
|
Year Ended |
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|
December 27, |
December 28, |
December 29, |
December 31, |
December 26, |
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|
2014 |
2013 |
2012 |
2011 |
2010 |
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|
Earnings: |
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|
Loss (income) before income taxes and before income from equity investees |
$ |
14,494 |
$ |
(6,498) |
$ |
(282,958) |
$ |
81,323 |
$ |
114,396 | ||||
|
Fixed charges: |
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|
Interest expense and amortization of debt issue costs and discount on long-term obligations |
$ |
704 |
$ |
162 |
$ |
4,469 |
$ |
6,697 |
$ |
5,979 | ||||
|
Rental interest factor (1) |
3,050 | 3,018 | 3,714 | 4,295 | 3,755 | |||||||||
|
Total fixed charges |
$ |
3,754 |
$ |
3,180 |
$ |
8,183 |
$ |
10,992 |
$ |
9,734 | ||||
|
Earnings (loss) available to cover fixed charges (2) |
$ |
18,248 |
$ |
(3,318) |
$ |
(274,775) |
$ |
92,315 |
$ |
124,130 | ||||
|
Ratio of earnings to fixed charges |
4.9x |
— |
— |
8.4x |
12.7x |
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|
|
The ratio of earnings to fixed charges was computed by dividing earnings by fixed charges for the periods indicated. Earnings consist of income (loss) before provision for income taxes less income from equity investees plus fixed charges. Fixed charges consist of interest charges, amortization of debt issuance costs, and that portion of rental expense that the Company believes to be a reasonable approximation of the interest factor included in rental expense.
|
(1) |
The portion of operating lease rental expense that the Company believes to be a reasonable approximation of the interest factor is deemed to be one-third of total operating lease rental expense. |
|
(2) |
Earnings were inadequate to cover fixed charges for fiscal years ended December 28, 2013 and December 29, 2012. |