EX-12.1 2 dex121.htm COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Computation of Ratios of Earnings to Fixed Charges

Exhibit 12.1

Electronics For Imaging, Inc.

Computation of Ratio of Earnings to Fixed Charges

(in thousands, except ratios of earnings to fixed charges)

 

     Years Ended December 31,     
     

2002

   

2003

   

2004

   

2005

     2006   

Six Months
Ended June 30,

2007

Income (loss) from continuing operations before income taxes

    $  13,783    $  34,776    $  21,311    $ (4,469 )   $  41,531    $ 10,249

Fixed charges:

                 

Interest expense (including capitalized interest)

      22      2,886      5,632      5,010       5,028      2,500

Interest relating to rental expense (1)

     2,856      2,141      2,584      4,079       5,790      3,133
                                          

Total fixed charges

      2,878      5,027      8,216      9,089       10,818      5,633
                                          

Earnings available for fixed charges

    $ 16,661    $ 39,803    $ 29,527    $ 4,620     $ 52,349    $ 15,882
                                          

Ratio of earnings to fixed charges

      5.79      7.92      3.59      0.51       4.84      2.82
                                          
(1) The representative interest portion of rental expense was deemed to be one- third of all rental expense, except for the rental expense related to the off-balance sheet financing leases, as described in the footnotes to the financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2006 which was deemed to be all interest.