EX-12.1 4 exhibit12-1.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Exhibit 12.1

CalAmp Corp.
Ratio of Earnings to Fixed Charges (1)
(in thousands of US dollars except for ratios)

             Nine Months                                   
Ended Year Ended
November  February February February February March  
24,  25, 26, 27, 28, 1,
2012  2012 2011 2010 2009 2008
Earnings (losses):
Income (loss) from continuing operations    
       before income taxes 12,041 5,279 (3,455 ) (12,225 ) (45,895 ) (103,290 )
Add  
       Fixed charges 745 1,783 2,084 1,594 1,861 2,970
Earnings (loss) as defined 12,786 7,062 (1,371 ) (10,631 ) (44,034 ) (100,320 )
 
Fixed charges:
         Interest expense and amortization
              of debt issue costs and discount 316 1,261 1,445 940 1,091 1,903
       Estimated interest component
              of rent 429 522 639 654 770 1,067
Total fixed charges 745 1,783 2,084 1,594 1,861 2,970
 
Deficiency of earnings available to cover fixed
charges (2) - - 3,455 12,225 45,895 103,290
 
Ratio of earnings to fixed charges 17.2 4.0 - - - -

(1)      We compure the ratio of earnings to fixed charges by dividing (i) earnings, which consists of income from continuing operations before income taxes plus fixed charges, by (ii) fixed charges, which consist of interest expense and estimated interest component of rent.
 
(2) Earnings were insufficient to cover fixed charges by $3.5 million, $12.2 million, $45.9 million and $103.3 million in 2011, 2010, 2009 and 2008, respectively.