EX-12.1 4 exhibit12_1.htm EXHIBIT 12.1 Exhibit 12.1

Exhibit 12.1

 

QUANTUM CORPORATION

EXHIBIT 12.1

STATEMENT OF COMPUTATION OF RATIOS
OF EARNINGS TO FIXED CHARGES

 

(in thousands)

For the year ended March 31,

 

2005

      

2004

      

2003

      

2002

      

2001

Income (loss) from continuing operations before income taxes

$

(12,135

)

$

(30,957

)

$

(137,173

)

$

(58,612

)

$

309,675

Add fixed charges

16,907

23,709

30,486

29,009

22,725

     Earnings (as defined)

$

4,772

$

(7,248

)

$

(106,687

)

$

(29,603

)

$

333,514

 

Fixed charges

     Interest expense

$

11,212

$

17,617

$

24,419

$

22,976

$

17,658

     Amortization of debt issuance costs

(i)

(i)

(i)

(i)

(i)

     Estimated interest component of rent expenses

5,695

6,092

6,067

6,033

5,067

Total fixed charges

$

16,907

$

23,709

$

30,486

$

29,009

$

22,725

 

Ratio of earnings to fixed charges

Note (ii)

Note (ii)

Note (ii)

Note (ii)

14.6

 

 

         (i)  In all years presented, the amortization of debt issuance costs is included in interest expense.

         (ii)  Earnings, as defined, were insufficient to cover fixed charges by $12.1 million, $31.0 million, $137.2 million and $58.6 million for fiscal years 2005, 2004, 2003 and 2002, respectively.