EX-12.1 6 dex121.htm STATEMENT RE COMPUTATION OF RATIOS Statement re computation of ratios

Exhibit 12.1

American Medical Systems Holdings, Inc.

Computation of Ratio of Earnings to Fixed Charges

for the Quarters Ended July 4, 2009 and April 4, 2009 and for the Fiscal Years 2008, 2007, 2006, 2005 and 2004

(Unaudited) (amounts in thousands)

 

     Quarter Ended              Year Ended           
     7/4/2009    4/4/2009    1/3/2009    12/29/2007    12/30/2006     12/31/2005    1/1/2005

Income before income taxes

   $ 26,401    $ 26,852    $ 50,158    $ 16,633    $ (38,282   $ 66,225    $ 16,903

Fixed charges:

                   

Interest expense

     4,966      5,410      27,398      37,760      18,395        217      783

Imputed interest on leases

     123      123      490      403      298        259      240

Amortization of financing costs (a)

     3,974      3,981      18,482      16,145      14,434        —        —  
                                                 

Total fixed charges

     9,063      9,514      46,370      54,308      33,127        476      1,023

Income before income taxes and fixed charges

     35,464      36,366      96,528      70,941      (5,155     66,701      17,926

Ratio of earnings to fixed charges

     3.9      3.8      2.1      1.3      (b     140.1      17.5

(a) Represents amortization of debt issuance costs incurred in connection with the Company’s registered debt securities. Please see our Form 8-K dated August 4, 2009 for more information on the adoption of FSP APB 14-1 and further information regarding the debt securities.

(b) Due to the registrant’s loss in 2006, the ratio coverage was less than 1:1. The registrant would have needed to generate additional earnings of $38.3 million to achieve a coverage of 1:1 in 2006.