EX-12.1 3 v53368exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
COINSTAR, INC.
Computation of Ratio of Earnings to Fixed Charges

(unaudited)
(in thousands of dollars)
                                                 
    Six    
    Months    
    Ended    
    June 30,   Year Ended December 31,
    2009   2008   2007   2006   2005   2004
Earnings (1)
    19,836       45,079       (29,897 )     31,695       37,120       30,360  
Fixed Charges:
                                               
Interest expenses including amortization
of deferred financing costs
    15,186       21,716       17,069       15,748       12,916       6,271  
Assumed interest component of rental expenses (2)
    2,232       4,774       3,300       3,036       3,630       1,617  
 
                                               
Total fixed charges
    17,418       26,490       20,369       18,784       16,546       7,888  
 
                                               
Adjusted earnings (loss)
    37,254       71,569       (9,528 )     50,479       53,666       38,248  
 
                                               
Ratio of earnings to fixed charges
    2.14       2.70             2.69       3.24       4.85  
 
                                               
Deficiency of earnings to fixed charges
                (29,897 )                  
 
                                               
 
(1)   Earnings represent pre-tax income (loss) from continuing operations before adjustments for minority interests in consolidated subsidiaries or income (loss) from equity investees plus distributed income of equity investees.
 
(2)   Estimated as one-third of operating lease expense.