EX-12.1 4 dex121.htm RATIOS OF EARNINGS TO FIXED CHARGES. RATIOS OF EARNINGS TO FIXED CHARGES.

EXHIBIT 12.1

 

MERCURY COMPUTER SYSTEMS, INC.

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in thousands)

 

     Year
Ended
June 30,
2000
    Year
Ended
June 30,
2001
    Year
Ended
June 30,
2002
    Year
Ended
June 30,
2003
    Year
Ended
June 30,
2004
    Nine Months
Ended
March 31,
2005

Income before income taxes

    $ 36,345    $ 45,124    $ 21,983    $ 32,870    $ 32,233    $ 28,715
    
  
  
  
  
  

Fixed charges:

                                          

Interest expense

      731      1,065      987      923      1,441      3,163

Rentals:

                                          

Buildings, office equipment and other

      175      158      278      310      367      392
    
  
  
  
  
  

Total fixed charges

    $ 906    $ 1,223    $ 1,265    $ 1,233    $ 1,808    $ 3,555
    
  
  
  
  
  

Income before income taxes plus fixed charges

    $ 37,251    $ 46,347    $ 23,248    $ 34,103    $ 34,041    $ 32,270
    
  
  
  
  
  

Ratio of earnings to fixed charges (A)

      41.1      37.9      18.4      27.7      18.8      9.1
    
  
  
  
  
  
(A) The ratio of earnings to fixed charges is calculated by dividing (a) earnings before income taxes and fixed charges by (b) fixed charges. Fixed charges include interest expense under operating leases the Company deems a reasonable approximation of the interest factor.