EX-12.1 2 dex121.htm RATIO OF EARNINGS TO FIXED CHARGES RATIO 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,
2001
    Year
Ended
June 30,
2002
    Year
Ended
June 30,
2003
    Year
Ended
June 30,
2004
    Year
Ended
June 30,
2005
    Six Months
Ended
December 31,
2005

Income before income taxes

    $ 45,124    $ 21,983    $ 32,870    $ 32,233    $ 43,123    $ 5,449
    
  
  
  
  
  

Fixed charges:

                                          

Interest expense

      1,065      987      923      1,441      4,166      2,086

Rentals:

                                          

Buildings, office equipment and other

      169      203      310      366      593      385
    
  
  
  
  
  

Total fixed charges

    $ 1,234    $ 1,190    $ 1,233    $ 1,807    $ 4,759    $ 2,471
    
  
  
  
  
  

Income before income taxes plus fixed charges

    $ 46,358    $ 23,173    $ 34,103    $ 34,040    $ 47,882    $ 7,920
    
  
  
  
  
  

Ratio of earnings to fixed charges (A)

      37.6      19.5      27.7      18.8      10.1      3.2
    
  
  
  
  
  
(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.