EX-12.1 2 exhibit12_1.htm EXHIBIT 12.1 TO QUANTUM'S FORM 10-K Exhibit 12.1 to the form 10-K for the year ended March 31, 2006

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,

 


2006

      

2005

      

2004

      

2003

      

2002






Income (loss) from continuing operations before income taxes

$

(40,081

)

$

(12,135

)

$

(30,957

)

$

(137,173

)

$

(58,612

)

Add fixed charges

15,789

16,907

23,709

30,486

29,009






     Earnings (as defined)

$

(24,292

)

$

4,772

$

(7,248

)

$

(106,687

)

$

(29,603

)






 

Fixed charges

     Interest expense

$

9,976

$

11,212

$

17,617

$

24,419

$

22,976

     Amortization of debt issuance costs

(i)

(i)

(i)

(i)

(i)

     Estimated interest component of rent expenses

5,813

5,695

6,092

6,067

6,033






Total fixed charges

$

15,789

$

16,907

$

23,709

$

30,486

$

29,009






 

Ratio of earnings to fixed charges

Note (ii)

Note (ii)

Note (ii)

Note (ii)

Note (ii)

 






 

         (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 $40.1 million, $12.1 million, $31.0 million, $137.2 million and $58.6 million for fiscal years 2006, 2005, 2004, 2003 and 2002, respectively.