EX-12.1 3 w97994a1exv12w1.txt STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES . . . 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, MONTHS ENDED APRIL 30, SEPTEMBER 2, JANUARY 31, -------------------------------------------------- ---------------------- 1999 2000 2001 2002 2003 2004 2003 2004 ---- ---- ---- ---- ---- ---- ---- ---- (IN THOUSANDS) Income (loss) from continuing operations, before income taxes $ 4,124 $ (818) $ (838) $ 9,051 $ 19,172 $ 6,565 $ 1,302 $ 8,407 Interest expense(1) 911 1,979 9,574 21,333 23,672 25,308 6,114 3,922 Interest component of lease rental expense -- -- -- 245 218 169 46 39 -------- -------- -------- -------- -------- -------- ------- -------- Income as adjusted $ 5,035 $ 1,161 $ 8,736 $ 30,629 $ 43,062 $ 32,042 $ 7,462 $ 12,368 ======== ======== ======== ======== ======== ======== ======= ======== FIXED CHARGES Interest expense $ 911 $ 1,979 $ 9,574 $ 21,333 $ 23,672 $ 25,308 $ 6,114 $ 3,922 Interest component of lease rental expense -- -- -- 245 218 169 46 39 -------- -------- -------- -------- -------- -------- ------- -------- Total fixed charges $ 911 $ 1,979 $ 9,574 $ 21,578 $ 23,890 $ 25,477 $ 6,160 $ 3,961 ======== ======== ======== ======== ======== ======== ======= ======== Ratio of earnings to fixed charges 5.53x .59x .91x 1.42x 1.80x 1.26x 1.21x 3.12x Deficit of earnings to fixed charges -- (818) (838) -- -- -- -- --
(1) includes amortization of decreased financing costs