EX-12.1 2 a2207661zex-12_1.htm EX-12.1

Exhibit 12.1

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

EPIQ SYSTEMS, INC.

(In Thousands, except for Ratio)

 

 

 

2011

 

2010

 

2009

 

2008

 

2007

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

12,080

 

$

13,929

 

$

14,595

 

$

13,836

 

$

6,929

 

Income tax expense

 

8,827

 

12,641

 

12,266

 

10,507

 

4,066

 

Fixed charges

 

9,651

 

5,335

 

4,023

 

3,505

 

13,882

 

Earnings available for fixed charges

 

30,558

 

31,905

 

30,884

 

27,848

 

24,877

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

Interest expense *

 

5,204

 

1,537

 

1,160

 

1,331

 

10,980

 

Amortization of deferred loan charges

 

640

 

393

 

314

 

426

 

993

 

Estimated interest expense in leases

 

3,807

 

3,405

 

2,549

 

1,748

 

1,909

 

Total fixed charges

 

$

9,651

 

$

5,335

 

$

4,023

 

$

3,505

 

$

13,882

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

3.2

 

6.0

 

7.7

 

7.9

 

1.8

 

 

* Interest included in fixed charges includes only interest on third party indebtedness and, accordingly, we have excluded accrued interest expense related to uncertain tax positions.