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

 

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

Nov. 02,

2003

    

Feb. 01,

2004

Income before income taxes

      22,802      15,464    (2,321 )   (5,498 )   (41,665 )   4,950

Interest

      7,731      11,091      11,966       20,065       18,267     4,144
    
  
  
 
 
 

Numerator

      30,533      26,555      9,645       14,567     (23,398 )   9,094
    
  
  
 
 
 

Denominator

      7,731      12,291    12,672       19,976       17,755     3,919
    
  
  
 
 
 

Ratio

      4.0      2.2      0.8       0.7     (1.3 )   2.3