ELECTRONICS FOR IMAGING INC - FORM 10-K - EX-12.1 - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - March 2, 2010

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10-K - FORM 10-K - ELECTRONICS FOR IMAGING INCd10k.htm
EX-18 - PREFERABILITY LETTER - ELECTRONICS FOR IMAGING INCdex18.htm
EX-21 - LIST OF SUBSIDIARIES - ELECTRONICS FOR IMAGING INCdex21.htm
EX-31.2 - CERTIFICATION OF CFO PURSUANT TO SECTION 302 - ELECTRONICS FOR IMAGING INCdex312.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - ELECTRONICS FOR IMAGING INCdex231.htm
EX-31.1 - CERTIFICATION OF CEO PURSUANT TO SECTION 302 - ELECTRONICS FOR IMAGING INCdex311.htm
EX-32.1 - CERTIFICATION OF CEO AND CFO PURSUANT TO SECTION 906 - ELECTRONICS FOR IMAGING INCdex321.htm

Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges

 

     Years Ended December 31,
     2005     2006    2007    2008     2009

Income (loss) from continuing operations before income taxes

    $ (4,469 )    $ 41,531    $ 22,209    $ (133,076 )    $ 16,035

Fixed charges:

             

Interest expense

      5,010        5,028      5,012      1,537        4

Interest relating to rental expense (1)

      4,079        5,790      6,339      5,314        2,438
                                    

Total fixed charges

      9,089        10,818      11,351      6,851        2,442
                                    

Earnings available for fixed charges

    $ 4,620      $ 52,349    $ 33,560    $ (126,225 )    $ 18,477
                                    

Ratio of earnings to fixed charges

      N/A (2)      4.84      2.96      N/A (3)      7.57
                                    

 

(1)

The representative interest portion of rental expense was deemed to be one-third of all rental expense, except for the rental expense related to the off-balance sheet financing leases, as described in the footnotes to the financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2008 which was deemed to be all interest.

(2)

For the year ended December 31, 2005 our earnings were insufficient to cover fixed charges; the amount of additional earnings needed to cover fixed charges for the year was $4.5 million.

(3)

For the year ended December 31, 2008 our earnings were insufficient to cover fixed charges; the amount of additional earnings needed to cover fixed charges for the year was $133.1 million.

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