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,     Six Months Ended  
     2006      2007      2008     2009      2010     June 30, 2011  
                                      (unaudited)  

Income (loss) from continuing operations before income taxes

   $ 41,531       $ 22,209       $ (133,076   $ 16,035       $ (1,630   $ 11,644   

Fixed charges:

               

Interest expense

     5,028         5,012         1,537        4         43        55   

Interest relating to rental expense (1)

     5,790         6,339         5,314        2,438         2,533        1,077   
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Total fixed charges

     10,818         11,351         6,851        2,442         2,576        1,132   
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Earnings available for fixed charges

   $ 52,349       $ 33,560       $ (126,225   $ 18,477       $ 946      $ 12,776   
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Ratio of earnings to fixed charges

     4.84         2.96         N/A (2)      7.57         0.37        11.28   
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

 

(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, 2010 which was deemed to be all interest.
(2) 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.