EX-12.1 2 a12-19922_1ex12d1.htm EX-12.1

Exhibit 12.1

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

EPIQ SYSTEMS, INC.

(In Thousands, except for Ratio)

 

 

 

Nine months
ended
September 30, 

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2010

 

2009

 

2008

 

2007

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

18,462

 

$

12,080

 

$

13,929

 

$

14,595

 

$

13,836

 

$

6,929

 

Income tax expense

 

11,988

 

8,827

 

12,641

 

12,266

 

10,507

 

4,066

 

Fixed charges

 

10,255

 

9,651

 

5,335

 

4,023

 

3,505

 

13,882

 

Earnings available for fixed charges

 

40,705

 

30,558

 

31,905

 

30,884

 

27,848

 

24,877

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense *

 

6,828

 

5,204

 

1,537

 

1,160

 

1,331

 

10,980

 

Amortization of deferred loan charges

 

537

 

640

 

393

 

314

 

426

 

993

 

Estimated interest expense in leases

 

2,890

 

3,807

 

3,405

 

2,549

 

1,748

 

1,909

 

Total fixed charges

 

$

10,255

 

$

9,651

 

$

5,335

 

$

4,023

 

$

3,505

 

$

13,882

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

4.0

 

3.2

 

6.0

 

7.7

 

7.9

 

1.8

 

 

* Interest expense excludes interest related to uncertain tax positions which is included in income tax expense shown above.