EX-12 3 exhb12.htm EXABYTE CORPORATION AND SUBSIDIARIES

EXHIBIT 12

 

EXABYTE CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DIVIDENDS

(In thousands)

 

Fiscal Years Ended

 

Dec. 30,
2000

Jan. 1,
2000

Jan. 2,
1999

Jan. 3,
1998

Dec. 28,
1996

 

 

 

 

 

 

Pre-tax income(loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees

$(42,424)

$(51,188)

$(6,149)

$(53,123)

12,683

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

Interest expense, etc.

686

477

607

637

530

Appropriate portion of rentals (1).

1,923

1,972

1,957

1,990

1,969

Total fixed charges

2,609

2,449

2,564

2,627

2,499

 

 

 

 

 

 

Pre-tax income(loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees plus fixed charges

$(39,815)

$(48,739)

$(3,585)

$(50,496)

$15,182

 

 

 

 

 

 

Preferred dividend requirements

--

--

--

--

--

 

 

 

 

 

 

Ratio of pre-tax income to net income

1.03

0.58

2.22

1.72

1.47

 

 

 

 

 

 

Preferred dividend factor

--

--

--

--

--

 

 

 

 

 

 

Total fixed charges

2,609

2,449

2,564

2,627

2,499

 

 

 

 

 

 

Total fixed charges and preferred dividends

$2,609

$2,449

$2,564

$2,627

$2,499

 

 

 

 

 

 

Ratio of earnings to combined fixed charges and preferred dividends

(15.3)

(19.9)

(1.4)

(19.2)

6.1

(1) Management believes that the appropriate portion of rentals is representative of the interest factor, that is, 1/3 of rentals.