EX-12.1 2 a2144494zex-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)

 
  Nine Months Ended
  Pro Forma
   
   
   
   
   
 
 
  July 31,
  Nine Months Ended
  Year Ended
  Fiscal Years Ended
 
 
    
2004

  2003
  July 31,
2004

  October 31,
2003

  2003
  2002
  October 31,
2001

  2000
  1999
 
Income from continuing operations before income taxes   $ 24,587   $ 18,942   $ 22,446   $ 24,902   $ 27,037   $ 22,678   $ 19,173   $ 15,789   $ 7,773  

Add:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Interest expense     589     9     1,594     2,125     11     4     13     45     81  
Interest component of rent expense(1)     187     187     187     249     249     222     185     172     131  
Amortization of loan costs related to indebtness     23     17     23     23     23     31     30     20     2  

Earnings available for fixed charges

 

$

25,386

 

$

19,155

 

$

24,250

 

$

27,299

 

$

27,320

 

$

22,935

 

$

19,401

 

$

16,026

 

$

7,987

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Interest expense   $ 589   $ 9   $ 1,594   $ 2,125   $ 11   $ 4   $ 13   $ 45   $ 81  
Interest component of rent expense(1)     187     187     187     249     249     222     185     172     131  
Amortization of loan costs related to indebtness     23     17     23     23     23     31     30     20     2  

Total fixed charges

 

$

799

 

$

213

 

$

1,804

 

$

2,397

 

$

283

 

$

257

 

$

228

 

$

237

 

$

214

 

Ratio of earnings to fixed charges

 

 

32

x

 

90

x

 

13

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)