EX-12.1 5 d698534dex121.htm EX-12.1 EX-12.1

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,     Three Months Ended  
    2009     2010     2011     2012     2013     March 31, 2014  

Income (loss) from continuing operations before income taxes

   $ 16,035      $ (1,630 )   $ 30,420      $ 35,023      $ 173,138     $ 10,661   

Fixed charges:

            

Interest expense

     4        43       62        709        3,406       249   

Interest relating to rental expense (1)

     2,438        2,533       2,081        1,912        2,024       533   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total fixed charges

     2,442        2,576       2,143        2,621        5,430       782   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Earnings available for fixed charges

   $ 18,477      $ 946     $ 32,563      $ 37,644      $ 178,568     $ 11,443   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of earnings to fixed charges

     7.57        0.37       15.20        14.36        32.89       14.63   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(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 lease, as described in the footnotes to the financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2013, which was deemed to be all interest. The off-balance sheet financing lease was terminated effective November 1, 2012.