Attached files
| file | filename |
|---|---|
| EX-32 - EX-32 - IPG PHOTONICS CORP | b86110exv32.htm |
| EX-31.2 - EX-31.2 - IPG PHOTONICS CORP | b86110exv31w2.htm |
| EX-31.1 - EX-31.1 - IPG PHOTONICS CORP | b86110exv31w1.htm |
| 10-Q - FORM 10-Q - IPG PHOTONICS CORP | b86110e10vq.htm |
Exhibit 12.1
STATEMENT RE COMPUTATION OF EARNINGS TO FIXED CHARGES
| Three Months Ended | ||||||||||||||||||||||||
| March 31, | Year Ended December 31, | |||||||||||||||||||||||
| (in thousands) | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||
Ratio of Earnings to Fixed Charges |
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Earnings: |
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Income before income taxes |
$ | 33,900 | $ | 79,252 | $ | 7,769 | $ | 56,564 | $ | 47,610 | $ | 28,119 | ||||||||||||
Add: |
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Amortization of capitalized interest |
36 | 36 | 35 | 32 | 19 | 13 | ||||||||||||||||||
Fixed charges, net of capitalized interest |
342 | 1,749 | 1,966 | 2,151 | 2,060 | 1,857 | ||||||||||||||||||
Income before income taxes and fixed charges, net |
$ | 34,278 | $ | 81,037 | $ | 9,770 | $ | 58,747 | $ | 49,689 | $ | 29,989 | ||||||||||||
Fixed Charges: |
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Total interest expense |
$ | 288 | $ | 1,508 | $ | 1,695 | $ | 1,669 | $ | 1,630 | $ | 1,629 | ||||||||||||
Capitalized interest |
9 | 18 | 75 | 390 | 186 | 149 | ||||||||||||||||||
Interest factor in rents |
54 | 241 | 271 | 482 | 430 | 228 | ||||||||||||||||||
Total fixed charges |
$ | 351 | $ | 1,767 | $ | 2,041 | $ | 2,541 | $ | 2,246 | $ | 2,006 | ||||||||||||
Ratio of earnings to fixed charges |
97.5 | x | 45.9 | x | 4.8 | x | 23.1 | x | 22.1 | x | 15.0 | x | ||||||||||||