Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - DELUXE CORP | Financial_Report.xls |
| 10-Q - DELUXE CORPORATION 10-Q 3-31-2011 - DELUXE CORP | form10q.htm |
| EX-32.1 - EXHIBIT 32.1 - DELUXE CORP | ex32_1.htm |
| EX-31.2 - EXHIBIT 31.2 - DELUXE CORP | ex31_2.htm |
| EX-31.1 - EXHIBIT 31.1 - DELUXE CORP | ex31_1.htm |
Exhibit 12.1
Deluxe Corporation
Computation of Ratio of Earnings to Fixed Charges
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Three Months Ended
March 31,
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Year Ended December 31,
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2011
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2010
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2009
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2008
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2007
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2006
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2005
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Earnings:
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Income from continuing operations before income taxes
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$ | 48,577 | $ | 235,949 | $ | 155,021 | $ | 160,176 | $ | 220,015 | $ | 142,788 | $ | 250,223 | ||||||||||||||
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Interest expense (excluding capitalized interest)(1)
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12,038 | 44,165 | 46,280 | 50,421 | 55,294 | 56,661 | 56,604 | |||||||||||||||||||||
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Portion of rent expense under long-term operating leases representative of an interest factor
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800 | 3,438 | 2,716 | 3,147 | 2,900 | 3,526 | 4,642 | |||||||||||||||||||||
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Total earnings
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$ | 61,415 | $ | 283,552 | $ | 204,017 | $ | 213,744 | $ | 278,209 | $ | 202,975 | $ | 311,469 | ||||||||||||||
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Fixed charges:
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Interest expense (including capitalized interest)(1)
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$ | 12,038 | $ | 44,165 | $ | 46,280 | $ | 50,421 | $ | 55,294 | $ | 57,051 | $ | 57,399 | ||||||||||||||
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Portion of rent expense under long-term operating leases representative of an interest factor
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800 | 3,438 | 2,716 | 3,147 | 2,900 | 3,526 | 4,642 | |||||||||||||||||||||
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Total fixed charges
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$ | 12,838 | $ | 47,603 | $ | 48,996 | $ | 53,568 | $ | 58,194 | $ | 60,577 | $ | 62,041 | ||||||||||||||
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Ratio of earnings to fixed charges
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4.8 | 6.0 | 4.2 | 4.0 | 4.8 | 3.4 | 5.0 | |||||||||||||||||||||
(1) Does not include interest expense related to uncertain tax positions.