EX-12.1 2 a2160606zex-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)

 
    
   Fiscal Years Ended
 
   Six Months
Ended
April 30,
2005
 
   Pro Forma
2004
    
   October 31,
 
   2004
   2003
   2002
   2001
   2000
Income from continuing operations before income taxes   $ 19,916   $ 32,187   $ 34,642   $ 27,037   $ 22,678   $ 19,173   $ 15,789

Add:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense     1,096     1,879     994     11     4     13     45
Interest component of rent expense(1)     134     245     245     249     222     185     172
Amortization of loan costs related to indebtedness     482     981     526     23     31     30     20

Earnings available for fixed charges
 
$
21,628
 
$
35,292
 
$
36,407
 
$
27,320
 
$
22,935
 
$
19,401
 
$
16,026

Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense   $ 1,096   $ 1,879   $ 994   $ 11   $ 4   $ 13   $ 45
Interest component of rent expense(1)     134     245     245     249     222     185     172
Amortization of loan costs related to indebtedness     482     981     526     23     31     30     20

Total fixed charges
 
$
1,712
 
$
3,105
 
$
1,765
 
$
283
 
$
257
 
$
228
 
$
237

Ratio of earnings to fixed charges
 
 
13x
 
 
11x
 
 
21x
 
 
96x
 
 
89x
 
 
85x
 
 
68x
(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)