Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - IPG PHOTONICS CORP | ipgp-20140331x10q.htm |
| EX-31.2 - EXHIBIT - IPG PHOTONICS CORP | a20140331-exx312.htm |
| EX-31.1 - EXHIBIT - IPG PHOTONICS CORP | a20140331-exx311.htm |
| EXCEL - IDEA: XBRL DOCUMENT - IPG PHOTONICS CORP | Financial_Report.xls |
| EX-32 - EXHIBIT - IPG PHOTONICS CORP | a20140331-exx32.htm |
Exhibit 12.1
STATEMENT RE COMPUTATION OF EARNINGS TO FIXED CHARGES
Three Months Ended March 31, | Year Ended December 31, | ||||||||||||||||||||||
(In thousands, except ratios) | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||
Ratio of Earnings to Fixed Charges | |||||||||||||||||||||||
Earnings: | |||||||||||||||||||||||
Income before income taxes | $ | 57,984 | $ | 218,301 | $ | 209,215 | $ | 174,584 | $ | 79,252 | $ | 7,769 | |||||||||||
Add: | |||||||||||||||||||||||
Amortization of capitalized interest | 61 | 60 | 43 | 38 | 36 | 35 | |||||||||||||||||
Fixed charges, net of capitalized interest | 242 | 428 | 1,179 | 1,403 | 1,749 | 1,966 | |||||||||||||||||
Income before income taxes and fixed charges, net | $ | 58,287 | $ | 218,789 | $ | 210,437 | $ | 176,025 | $ | 81,037 | $ | 9,770 | |||||||||||
Fixed Charges: | |||||||||||||||||||||||
Total interest expense | $ | 190 | $ | 213 | $ | 946 | $ | 1,141 | $ | 1,508 | $ | 1,695 | |||||||||||
Capitalized interest | 33 | 524 | 142 | 46 | 18 | 75 | |||||||||||||||||
Interest factor in rents | 52 | 245 | 233 | 262 | 241 | 271 | |||||||||||||||||
Total fixed charges | $ | 275 | $ | 982 | $ | 1,321 | $ | 1,449 | $ | 1,767 | $ | 2,041 | |||||||||||
Ratio of earnings to fixed charges | 212.0x | 222.8x | 159.3x | 121.5x | 45.9x | 4.8x | |||||||||||||||||