EX-12.1 4 d538289dex121.htm EX-12.1 EX-12.1

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,      Six Months  Ended
June 30, 2013		  
     2008     2009      2010     2011      2012     

Income (loss) from continuing operations before income taxes

    $ (133,076 )    $ 16,035       $ (1,630 )    $ 30,420       $ 35,023       $ 18,039   

Fixed charges:

                

Interest expense

      1,537        4         43        62         709         1,552   

Interest relating to rental expense (1)

      5,314        2,438         2,533        2,081         1,912         1,040   
  

 

 

    

 

 

     

 

 

    

 

 

     

 

 

     

 

 

  

Total fixed charges

      6,851        2,442         2,576        2,143         2,621         2,592   
  

 

 

    

 

 

     

 

 

    

 

 

     

 

 

     

 

 

  

Earnings available for fixed charges

    $ (126,225 )    $ 18,477       $ 946      $ 32,563       $ 37,644       $ 20,631   
  

 

 

    

 

 

     

 

 

    

 

 

     

 

 

     

 

 

  

Ratio of earnings to fixed charges

      N/A (2)      7.57         0.37        15.20         14.36         7.96   
  

 

 

    

 

 

     

 

 

    

 

 

     

 

 

     

 

 

  

 

(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 lease, as described in the footnotes to the financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2012, which was deemed to be all interest. The off-balance sheet financing lease was terminated effective November 1, 2012.
(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.