EX-12 3 dex12.htm STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement Regarding Computation of Ratio of Earnings to Fixed Charges

Exhibit 12

 

Photronics, Inc.

Computation of Ratio of Earnings to Fixed Charges

For the five years ended November 2, 2003

 

     Year Ended
  
     Oct. 31,
1999
    Oct. 31,
2000
    Oct. 31,
2001
     Nov. 03,
2002
    

Nov. 02,

2003

  

Income before income taxes

      22,802      15,464    (2,321 )   (5,498 )   (41,665 )

Interest

      7,731      11,091      11,966       20,065       18,267  
    
  
  
 
 

Numerator

      30,533      26,555      9,645       14,567     (23,398 )
    
  
  
 
 

Denominator

      7,731      12,291    12,672       19,976       17,755  
    
  
  
 
 

Ratio

      4.0      2.2      0.8       0.7     (1.3 )