Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - IPG PHOTONICS CORP | Financial_Report.xls |
| 10-Q - FORM 10-Q - IPG PHOTONICS CORP | d432948d10q.htm |
| EX-32 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER - IPG PHOTONICS CORP | d432948dex32.htm |
| EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO RULE 13A-14(A) - IPG PHOTONICS CORP | d432948dex311.htm |
| EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO RULE 13A-14(A) - IPG PHOTONICS CORP | d432948dex312.htm |
Exhibit 12.1
STATEMENT RE COMPUTATION OF EARNINGS TO FIXED CHARGES
| Nine Months Ended |
||||||||||||||||||||||||
| September 30, | Year Ended December 31, | |||||||||||||||||||||||
| (In thousands, except ratios) | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||
| Ratio of Earnings to Fixed Charges |
||||||||||||||||||||||||
| Earnings: |
||||||||||||||||||||||||
| Income before income taxes |
$ | 161,189 | $ | 174,584 | $ | 79,252 | $ | 7,769 | $ | 56,564 | $ | 47,610 | ||||||||||||
| Add: |
||||||||||||||||||||||||
| Amortization of capitalized interest |
42 | 38 | 36 | 35 | 32 | 19 | ||||||||||||||||||
| Fixed charges, net of capitalized interest |
869 | 1,403 | 1,749 | 1,966 | 2,151 | 2,060 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Income before income taxes and fixed charges, net |
$ | 162,100 | $ | 176,025 | $ | 81,037 | $ | 9,770 | $ | 58,747 | $ | 49,689 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Fixed Charges: |
||||||||||||||||||||||||
| Total interest expense |
$ | 620 | $ | 1,141 | $ | 1,508 | $ | 1,695 | $ | 1,669 | $ | 1,630 | ||||||||||||
| Capitalized interest |
113 | 46 | 18 | 75 | 390 | 186 | ||||||||||||||||||
| Interest factor in rents |
249 | 262 | 241 | 271 | 482 | 430 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Total fixed charges |
$ | 982 | $ | 1,449 | $ | 1,767 | $ | 2,041 | $ | 2,541 | $ | 2,246 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Ratio of earnings to fixed charges |
165.1 | x | 121.5 | x | 45.9 | x | 4.8 | x | 23.1 | x | 22.1 | x | ||||||||||||