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    2002    2003    2004    2005    2006  

Income (loss) before income taxes

    $ 45,124    $ 21,983    $ 32,870    $ 32,233    $ 43,123    $ (17,110 )
                                           

Fixed charges:

                  

Interest expense

      1,065      987      923      1,441      4,166      4,102  

Rentals:

                  

Buildings, office equipment and other

      169      203      310      366      593      805  
                                           

Total fixed charges

    $ 1,234    $ 1,190    $ 1,233    $ 1,807    $ 4,759    $ 4,907  
                                           

Income before income taxes plus fixed charges

    $ 46,358    $ 23,173    $ 34,103    $ 34,040    $ 47,882    $ (12,203 )
                                           

Ratio of earnings to fixed charges (A)

      37.6      19.5      27.7      18.8      10.1      (2.5 )
                                           

Coverage deficiency

    $ —      $ —      $ —      $ —      $ —      $ 17,110  
                                           
(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.