Attached files
| file | filename |
|---|---|
| 10-K - 10-K - EPIQ SYSTEMS INC | a2196879z10-k.htm |
| EX-32.1 - EX-32.1 - EPIQ SYSTEMS INC | a2196879zex-32_1.htm |
| EX-31.1 - EX-31.1 - EPIQ SYSTEMS INC | a2196879zex-31_1.htm |
| EX-23.1 - EX-23.1 - EPIQ SYSTEMS INC | a2196879zex-23_1.htm |
| EX-31.2 - EX-31.2 - EPIQ SYSTEMS INC | a2196879zex-31_2.htm |
| EX-21.1 - EX-21.1 - EPIQ SYSTEMS INC | a2196879zex-21_1.htm |
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COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
EPIQ SYSTEMS, INC.
(In Thousands, except for Ratio)
| |
2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Earnings |
|||||||||||||||||||
Net income (loss) |
$ | 14,595 | $ | 13,836 | $ | 6,929 | $ | 35,131 | $ | (3,842 | ) | ||||||||
Income tax expense (benefit) |
12,266 | 10,507 | 4,066 | 22,834 | (2,400 | ) | |||||||||||||
Fixed charges |
4,023 | 3,505 | 13,882 | 15,349 | 7,676 | ||||||||||||||
Earnings available for fixed charges |
30,884 | 27,848 | 24,877 | 73,314 | 1,434 | ||||||||||||||
Fixed Charges |
|||||||||||||||||||
Interest expense* |
1,160 | 1,331 | 10,980 | 12,023 | 5,662 | ||||||||||||||
Amortization of deferred loan charges |
314 | 426 | 993 | 1,445 | 1,147 | ||||||||||||||
Estimated interest expense in leases |
2,549 | 1,748 | 1,909 | 1,881 | 867 | ||||||||||||||
Total fixed charges |
$ | 4,023 | $ | 3,505 | $ | 13,882 | $ | 15,349 | $ | 7,676 | |||||||||
Ratio of Earnings to Fixed Charges |
7.7 | 7.9 | 1.8 | 4.8 | 0.2 | ||||||||||||||
- *
- 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.
For the year ended December 31, 2005, our earnings to fixed charges ratio was less than one to one coverage. The amount of such deficiency was $6,242.