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

Exhibit 12.1

Electronics For Imaging, Inc.

Computation of Ratio of Earnings to Fixed Charges

(in thousands, except for ratio of earnings to fixed charges)

 

     Years Ended December 31,     Nine Months Ended
September 30,

2009
   2004    2005     2006    2007    2008    

Income (loss) from continuing operations before income taxes

   $ 21,311    $ (4,469 )    $ 41,531    $ 22,209    $ (133,076 )    $ 21,064

Fixed charges:

               

Interest expense

     5,632      5,010        5,028      5,012      1,537        3

Interest relating to rental expense (1)

     2,584      4,079        5,790      6,339      5,314        1,934
                                           

Total fixed charges

     8,216      9,089        10,818      11,351      6,851        1,937
                                           

Earnings available for fixed charges

   $ 29,527    $ 4,620      $ 52,349    $ 33,560    $ (126,225 )    $ 23,001
                                           

Ratio of earnings to fixed charges

     3.59      N/A (2)      4.84      2.96      N/A (3)      11.88
                                           

 

(1) The representative interest portion of rental expense was deemed to be one-third of all rental expense, except for the rental expense related to the off-balance sheet financing leases, as described in the footnotes to the financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2008, as amended, which was deemed to be all interest.

 

(2) For the year ended December 31, 2005 our earnings were insufficient to cover fixed charges; the amount of additional earnings needed to cover fixed charges for the year was $4.5 million.

 

(3) For the year ended December 31, 2008 our earnings were insufficient to cover fixed charges; the amount of additional earnings needed to cover fixed charges for the year was $133.1 million.