EX-12.1 4 d582041dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

MACOM Technology Solutions Holdings, Inc.

Ratio of Earnings to Fixed Charges

(in thousands, except ratio data)

 

     Fiscal Year Ended     Six months
ended
March 30,
2018		  
     September 27,
2013		      October 3,
2014		     October 2,
2015		     September 30,
2016		     September 29,
2017		    

Earnings available for fixed charges:

            

Income (loss) from continuing operations before income tax

    $ 2,946      $ (40,900 )    $ (15,400 )    $ (21,571 )    $ (49,505 )    $ (34,107 ) 

Fixed Charges

      2,316        14,560       20,543       20,750       32,474       16,807  

Net income—noncontrolling interests

      —          —         —         —         —         —    
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total earnings available for fixed charges

    $ 5,262      $ (26,340 )    $ 5,143     $ (821 )    $ (17,031 )    $ (17,300 ) 
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed Charges:

            

Interest expense

    $ 817      $ 12,362     $ 18,376     $ 18,427     $ 28,855       15,209  

Portion of rental expense which represents interest factor (1)

      1,499        2,198       2,167       2,323       3,619       1,598  
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Fixed Charges

    $ 2,316      $ 14,560     $ 20,543     $ 20,750     $ 32,474     $ 16,807  
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of earnings to fixed charges

      2.3x        (1.8)x (2)      0.3x (2)      (0.0)x (2)      (0.5)x (2)      (1.0)x (2) 
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(1) The portion of total rent expense that represents the interest factor is 33.3%.
(2) The ratio coverage for fiscal year 2014, 2015, 2016, 2017 and the six months ended March 30, 2018 was less than 1:1. We would have needed to generate additional earnings of approximately $40.9 million, $15.4 million, $21.6 million, $49.5 million and $34.1 million in fiscal year 2014, 2015, 2016, 2017 and the six months ended March 30, 2018, respectively, to achieve a coverage ratio of 1:1 during these periods.