EX-12.1 36 w97994exv12w1.txt STATEMENT RE COMPUTATION OF RATIO OF EARNINGS . . . EXHIBIT 12.1 TRANSCORE HOLDINGS INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
PREDECESSOR TRANSCORE HOLDINGS, INC. ----------- -------------------------------------------------------------------- SEVEN MONTHS FIVE MONTHS ENDED ENDED FISCAL YEAR ENDED JANUARY 31, SEPTEMBER 2, JANUARY 31, -------------------------------------------------- 1999 2000 2001 2002 2003 2004 ---- ---- ---- ---- ---- ---- (IN THOUSANDS) Income (loss) from continuing operations, before income taxes $ 4,124 $ (818) $ (838) $ 9,051 $ 19,172 $ 6,565 Interest expense(1) 911 1,979 9,574 21,333 23,672 25,308 Interest component of lease rental expense -- -- -- 245 218 169 -------- -------- -------- -------- -------- -------- Income as adjusted $ 5,035 $ 1,161 $ 8,736 $ 30,629 $ 43,062 $ 32,042 ======== ======== ======== ======== ======== ======== FIXED CHARGES Interest expense $ 911 $ 1,979 $ 9,574 $ 21,333 $ 23,672 $ 25,308 Interest component of lease rental expense -- -- -- 245 218 169 -------- -------- -------- -------- -------- -------- Total fixed charges $ 911 $ 1,979 $ 9,574 $ 21,578 $ 23,890 $ 25,477 ======== ======== ======== ======== ======== ======== Ratio of earnings to fixed charges 5.53x .59x .91x 1.42x 1.80x 1.26x Deficit of earnings to fixed charges -- (818) (838) -- -- -- -------- -------- -------- -------- -------- --------
(1) includes amortization of decreased financing costs