EX-12.1 2 a2213059zex-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)

 

 

 

2012

 

2011

 

2010

 

2009

 

2008

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

22,427

 

$

12,080

 

$

13,929

 

$

14,595

 

$

13,836

 

Income tax expense

 

12,979

 

8,827

 

12,641

 

12,266

 

10,507

 

Fixed charges

 

13,089

 

9,651

 

5,335

 

4,023

 

3,505

 

Earnings available for fixed charges

 

48,495

 

30,558

 

31,905

 

30,884

 

27,848

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

Interest expense (1)

 

8,767

 

5,204

 

1,537

 

1,160

 

1,331

 

Interest capitalized

 

(220

)

—

 

—

 

—

 

—

 

Amortization of deferred loan charges

 

716

 

640

 

393

 

314

 

426

 

Estimated interest expense in leases

 

3,826

 

3,807

 

3,405

 

2,549

 

1,748

 

Total fixed charges

 

$

13,089

 

$

9,651

 

$

5,335

 

$

4,023

 

$

3,505

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

3.7

 

3.2

 

6.0

 

7.7

 

7.9

 

 

(1) Interest expense excludes interest related to uncertain tax positions which is included in income tax expense shown above.  Interest expense also excludes amortization of deferred loan charges and capitalized interest on assets under construction (which are each shown separately in the table above).