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,

2002

   

Year Ended

June 30,

2003

   

Year Ended

June 30,

2004

   

Year Ended

June 30,

2005

   

Year Ended

June 30,

2006

    

Three Months
Ended

September 30,
2006

  

Income (loss) before income taxes

    $ 21,983    $ 32,870    $ 32,233    $ 43,123    $ (17,110 )   $ (11,653 )
                                            

Fixed charges:

                 

Interest expense

      987      923      1,441      4,166      4,102       954  

Rentals:

                 

Buildings, office equipment and other

      203      310      366      593      805       194  
                                            

Total fixed charges

    $ 1,190    $ 1,233    $ 1,807    $ 4,759    $ 4,907     $ 1,148  
                                            

Income before income taxes plus fixed charges

    $ 23,173    $ 34,103    $ 34,040    $ 47,882    $ (12,203 )   $ (10,505 )
                                            

Ratio of earnings to fixed charges (A)

      19.5      27.7      18.8      10.1      (2.5 )     (9.2 )
                                            

Coverage deficiency

    $ —      $ —      $ —      $ —      $ 17,110     $ 11,653  
                                            
(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.