EX-12.1 4 a2121186zex-12_1.htm EXHIBIT 12.1
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Exhibit 12.1


ELECTRO SCIENTIFIC INDUSTRIES, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(AMOUNTS IN THOUSANDS OF DOLLARS)

 
   Fiscal Year Ended
    
  
 
   Three Months
Ended
August 30,
2003
  
 
   May 31,
1999
   June 3,
2000
   June 2,
2001
   June 1,
2002
   May 31,
2003
  
Pre-tax income   10,980   59,872   149,930   (34,317 ) (79,221 ) (15,356 )
   
 
 
 
 
 
 
Fixed charges:                          
  Interest expense   158   223   4   3,725   7,457   1,927  
  Interest portion of rentals(1)   572   451   577   360   446   117  
   
 
 
 
 
 
 
    Total fixed charges   730   674   581   4,085   7,903   2,044  
   
 
 
 
 
 
 
Earnings plus fixed charges   11,710   60,546   150,511   (30,232 ) (71,318 ) (13,312 )
   
 
 
 
 
 
 
Ratio of earnings to fixed charges   16   90   259   (7 ) (9 ) (7 )
   
 
 
 
 
 
 
(1)
Calculated as one-third of rentals, which is a reasonable approximation of the interest factor.


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ELECTRO SCIENTIFIC INDUSTRIES, INC. AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (AMOUNTS IN THOUSANDS OF DOLLARS)