EX-12.1 4 a2141267zex-12_1.htm EXHIBIT 12.1
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Exhibit 12.1


SHUFFLE MASTER, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(dollar amounts in thousands) (unaudited)

 
    
    
   Pro Forma
    
    
    
    
    
  
 
   Six Months Ended
   Six Months Ended
    
    
    
    
    
    
  
 
   Year Ended
   Fiscal Years Ended
  
 
   April 30,
  
 
   April 30,
2004
   October 31,
2003
    
    
   October 31,
2001
    
    
  
 
   2004
   2003
   2003
   2002
   2000
   1999
  
Income from continuing operations before income taxes   $ 14,991   $ 11,613   $ 12,851   $ 24,902   $ 27,037   $ 22,678   $ 19,173   $ 15,789   $ 7,773  

Add:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense     57     6     1,062     2,125     11     4     13     45     81  
Interest component of rent expense(1)     129     125     129     249     249     222     185     172     131  
Amortization of loan costs related to indebtness     23     11     23     23     23     31     30     20     2  

Earnings available for fixed charges
 
$
15,200
 
$
11,755
 
$
14,065
 
$
27,299
 
$
27,320
 
$
22,935
 
$
19,401
 
$
16,026
 
$
7,987
 

Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense   $ 57   $ 6   $ 1,062   $ 2,125   $ 11   $ 4   $ 13   $ 45   $ 81  
Interest component of rent expense(1)     129     125     129     249     249     222     185     172     131  
Amortization of loan costs related to indebtness     23     11     23     23     23     31     30     20     2  

Total fixed charges
 
$
209
 
$
142
 
$
1,214
 
$
2,397
 
$
283
 
$
257
 
$
228
 
$
237
 
$
214
 

Ratio of earnings to fixed charges
 
 
73
x
 
83
x
 
12
x
 
11
x
 
96
x
 
89
x
 
85
x
 
68
x
 
37
x
(1)
Assumes interest component to be one-fourth of rent expense



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SHUFFLE MASTER, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (dollar amounts in thousands) (unaudited)