EX-12.1 2 uctt-ex121_9.htm EX-12.1 uctt-ex121_9.htm

Exhibit 12.1

Ultra Clean Holdings, Inc.

Computation of Consolidated Ratio of Earnings to Fixed Charges

(in thousands, except ratio data)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year ended

 

 

December 26,

 

 

December 25,

 

 

December 30,

 

 

December 29,

 

 

December 28,

 

 

2014

 

 

2015

 

 

2016

 

 

2017

 

 

2018

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before provision for income taxes

$

 

16,330

 

 

$

 

3,607

 

 

$

 

18,947

 

 

$

 

86,942

 

 

$

 

52,268

 

Add: Fixed charges

 

 

4,187

 

 

 

 

5,526

 

 

 

 

4,862

 

 

 

 

4,617

 

 

 

 

13,508

 

Total Earnings

$

 

20,517

 

 

$

 

9,133

 

 

$

 

23,809

 

 

$

 

91,559

 

 

$

 

65,776

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

$

 

2,432

 

 

$

 

3,157

 

 

$

 

2,657

 

 

$

 

2,198

 

 

$

 

10,004

 

Interest factor on operating leases(1)

 

 

1,755

 

 

 

 

2,369

 

 

 

 

2,205

 

 

 

 

2,419

 

 

 

 

3,504

 

Total Fixed Charges

$

 

4,187

 

 

$

 

5,526

 

 

$

 

4,862

 

 

$

 

4,617

 

 

$

 

13,508

 

Ratio of Earnings to Fixed Charges

 

4.9x

 

 

 

1.7x

 

 

 

4.9x

 

 

 

19.8x

 

 

 

4.9x

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Represents the portion of rental expense from operating leases that is estimated by us to be representative of interest.