EX-12.1 2 dex121.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to fixed Charges

EXHIBIT 12.1

 

MERCURY COMPUTER SYSTEMS, INC.

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(dollars in thousands)

 

     Year Ended June 30,
     1999
    2000
    2001
    2002
    2003
    2004

Income before income taxes

    $ 20,093    $ 36,345    $ 45,124    $ 21,983    $ 32,870    $ 32,233
    
  
  
  
  
  

Fixed charges:

                                          

Interest expense

      51      731      1,065      987      923      1,441

Rentals:

                                          

Buildings, office equipment and other

      372      175      158      278      310      367
    
  
  
  
  
  

Total fixed charges

    $ 423    $ 906    $ 1,223    $ 1,265    $ 1,233    $ 1,808
    
  
  
  
  
  

Income before income taxes plus fixed charges

    $ 20,516    $ 37,251    $ 46,347    $ 23,248    $ 34,103    $ 34,041
    
  
  
  
  
  

Ratio of earnings to fixed charges (A)

      48.5      41.1      37.9      18.4      27.7      18.8
    
  
  
  
  
  
(A)   The ratio of earnings to fixed charges is calculated by dividing (a) earnings before income taxes and for fixed charges by (b) fixed charges. Fixed charges include interest expense under operating leases the Company deems a reasonable approximation of the interest factor.