Attached files
Exhibit 12.1
Electronics For Imaging, Inc.
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except for ratio of earnings to fixed charges)
| Years Ended December 31, | Six Months Ended | |||||||||||||||||||||||
| 2006 | 2007 | 2008 | 2009 | 2010 | June 30, 2011 | |||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||
| Income (loss) from continuing operations before income taxes |
$ | 41,531 | $ | 22,209 | $ | (133,076 | ) | $ | 16,035 | $ | (1,630 | ) | $ | 11,644 | ||||||||||
| Fixed charges: |
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| Interest expense |
5,028 | 5,012 | 1,537 | 4 | 43 | 55 | ||||||||||||||||||
| Interest relating to rental expense (1) |
5,790 | 6,339 | 5,314 | 2,438 | 2,533 | 1,077 | ||||||||||||||||||
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| Total fixed charges |
10,818 | 11,351 | 6,851 | 2,442 | 2,576 | 1,132 | ||||||||||||||||||
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| Earnings available for fixed charges |
$ | 52,349 | $ | 33,560 | $ | (126,225 | ) | $ | 18,477 | $ | 946 | $ | 12,776 | |||||||||||
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| Ratio of earnings to fixed charges |
4.84 | 2.96 | N/A | (2) | 7.57 | 0.37 | 11.28 | |||||||||||||||||
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| (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, 2010 which was deemed to be all interest. |
| (2) | 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. |