EX-12.1 5 a06-1885_1ex12d1.htm STATEMENTS REGARDING COMPUTATION OF RATIOS

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
EPIQ SYSTEMS, INC.
(In Thousands, except for Ratio)

 

 

Year Ended December 31,

 

Earnings

 

2005

 

2004

 

2003

 

income from continuing operations

 

$

10,948

 

$

9,063

 

$

14,525

 

tax related to continuing operations

 

7,276

 

6,386

 

10,165

 

pre-tax earnings

 

18,224

 

15,449

 

24,690

 

Plus

 

 

 

 

 

 

 

fixed charges

 

7,676

 

7,176

 

550

 

amortization of capitalized interest

 

0

 

0

 

0

 

distributed income—equity investees

 

0

 

0

 

0

 

share of pre-tax losses of equity investees

 

0

 

0

 

0

 

Less

 

 

 

 

 

 

 

capitalized interest

 

0

 

0

 

0

 

preference dividends of consolidated subs

 

0

 

0

 

0

 

minority interest in subs pre-tax income

 

0

 

0

 

0

 

Total Earnings

 

25,900

 

22,625

 

25,240

 

Fixed Charges

 

 

 

 

 

 

 

Interest expensed

 

5,662

 

4,223

 

201

 

Interest capitalized

 

0

 

0

 

0

 

amortized deferred loan charges

 

1,147

 

2,120

 

0

 

estimated interest expense in leases

 

867

 

833

 

349

 

preference dividends of consolidated subs

 

0

 

0

 

0

 

Total Fixed Charges

 

7,676

 

7,176

 

550

 

Ratio of earnings to fixed charges

 

3.4

 

3.2

 

45.9