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

Exhibit 12.1

QUANTUM CORPORATION

EXHIBIT 12.1

STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

 

     For the year ended March 31,  

(In thousands)

   2008     2007     2006     2005     2004  

Loss from continuing operations before income taxes

   $ (60,716 )   $ (59,156 )   $ (40,081 )   $ (12,135 )   $ (30,957 )

Add fixed charges

     64,337       46,545       15,789       16,907       23,709  
                                        

Earnings (as defined)

   $ 3,621     $ (12,611 )   $ (24,292 )   $ (4,772 )   $ (7,248 )

Fixed charges:

          

Interest expense

   $ 58,627     $ 40,748     $ 9,976     $ 11,212     $ 17,617  

Amortization of debt issuance costs

     (i )     (i )     (i )     (i )     (i )

Estimated interest component of rent expenses

     5,710       5,797       5,813       5,695       6,092  
                                        

Total fixed charges

   $ 64,337     $ 46,545     $ 15,789     $ 16,907     $ 23,709  
                                        

Ratio of earnings to fixed charges

     (ii )     (ii )     (ii )     (ii )     (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 $60.7 million, $59.2 million, $40.1 million, $12.1 million, and $31.0 million, for fiscal 2008, 2007, 2006, 2005, and 2004, respectively.