EX-12.1 3 d400607dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

Electronics For Imaging, Inc.

Computation of Ratio of Earnings to Fixed Charges

(in thousands, except for ratio of earnings to fixed charges)

 

     Years Ended December 31,      Nine Months  Ended
September 30, 2012		  
     2007      2008     2009      2010     2011     

Income (loss) from continuing operations before income taxes

    $ 22,209       $ (133,076 )    $ 16,035       $ (1,630 )    $ 30,420       $ 22,867   

Fixed charges:

                

Interest expense

      5,012         1,537        4         43        62         120   

Interest relating to rental expense (1)

      6,339         5,314        2,438         2,533        2,081         1,544   
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Total fixed charges

      11,351         6,851        2,442         2,576        2,143         1,664   
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Earnings available for fixed charges

    $ 33,560       $ (126,225 )    $ 18,477       $ 946      $ 32,563       $ 24,531   
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

Ratio of earnings to fixed charges

      2.96         N/A (2)      7.57         0.37        15.19         14.74   
  

 

 

     

 

 

    

 

 

     

 

 

    

 

 

     

 

 

  

 

(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, 2011, which was deemed to be all interest.
(2) For the year ended December 31, 2008, our earnings were insufficient to cover fixed charges. The amount of additional earnings needed to cover fixed charges for the year was $126.2 million.