Attached files
| file | filename |
|---|---|
| 10-Q - DELUXE CORPORATION 10-Q 03-31-2016 - DELUXE CORP | a201633110-q.htm |
| EX-32.1 - EXHIBIT 32.1 - DELUXE CORP | exhibit321331201610q.htm |
| EX-31.1 - EXHIBIT 31.1 - DELUXE CORP | exhibit311331201610q.htm |
| EX-31.2 - EXHIBIT 31.2 - DELUXE CORP | exhibit312331201610q.htm |
Exhibit 12.1
Deluxe Corporation
Computation of Ratio of Earnings to Fixed Charges
Quarter Ended March 31, | Year Ended December 31, | |||||||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Income from continuing operations before income taxes | $ | 87,550 | $ | 327,947 | $ | 297,181 | $ | 281,059 | $ | 250,753 | $ | 216,084 | ||||||||||||
Interest expense (excluding capitalized interest)(1) | 5,243 | 20,299 | 36,529 | 38,301 | 46,847 | 47,797 | ||||||||||||||||||
Portion of rent expense under long-term operating leases representative of an interest factor | 1,412 | 5,124 | 4,366 | 3,952 | 4,463 | 3,215 | ||||||||||||||||||
Total earnings | $ | 94,205 | $ | 353,370 | $ | 338,076 | $ | 323,312 | $ | 302,063 | $ | 267,096 | ||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest expense (including capitalized interest)(1) | $ | 5,243 | $ | 20,299 | $ | 36,529 | $ | 38,301 | $ | 46,847 | $ | 47,797 | ||||||||||||
Portion of rent expense under long-term operating leases representative of an interest factor | 1,412 | 5,124 | 4,366 | 3,952 | 4,463 | 3,215 | ||||||||||||||||||
Total fixed charges | $ | 6,655 | $ | 25,423 | $ | 40,895 | $ | 42,253 | $ | 51,310 | $ | 51,012 | ||||||||||||
Ratio of earnings to fixed charges | 14.2 | 13.9 | 8.3 | 7.7 | 5.9 | 5.2 | ||||||||||||||||||
(1) Does not include interest expense related to uncertain tax positions.