EX-12.1 4 dex121.htm RATIO OF EARNINGS Ratio of Earnings

EXHIBIT 12.1

 

MERCURY COMPUTER SYSTEMS, INC.

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in thousands)

 

     Year
Ended
June 30,
2001
    Year
Ended
June 30,
2002
    Year
Ended
June 30,
2003
    Year
Ended
June 30,
2004
    Year
Ended
June 30,
2005
    Three Months
Ended
September 30,
2005

Income before income taxes

    $ 45,124    $ 21,983    $ 32,870    $ 32,233    $ 43,123    $ 4,809
    
  
  
  
  
  

Fixed charges:

                                          

Interest expense

      1,065      987      923      1,441      4,166      1,036

Rentals:

                                          

Buildings, office equipment and other

      169      203      310      366      593      186
    
  
  
  
  
  

Total fixed charges

    $ 1,234    $ 1,190    $ 1,233    $ 1,807    $ 4,759    $ 1,222
    
  
  
  
  
  

Income before income taxes plus fixed charges

    $ 46,358    $ 23,173    $ 34,103    $ 34,040    $ 47,882    $ 6,031
    
  
  
  
  
  

Ratio of earnings to fixed charges (A)

      37.6      19.5      27.7      18.8      10.1      4.9
    
  
  
  
  
  
(A) The ratio of earnings to fixed charges is calculated by dividing (a) earnings before income taxes and fixed charges by (b) fixed charges. Fixed charges include interest expense under operating leases the Company deems a reasonable approximation of the interest factor.