EX-12.1 5 a13-25762_1ex12d1.htm EX-12.1

Exhibit 12.1

Vitesse Semiconductor Corporation

Statement Regarding Computation of Ratios of Earnings to Fixed Charges and Earnings to Combined Fixed Charges and Preferred Stock Dividend

 

 

 

 

 

                               Years Ended September 30,

 

 

 

2013

 

2012

 

2011

 

2010

 

2009

 

Earnings (loss) before fixed charges (1):

 

(in thousands)

 

Earnings (loss) from continuing operations before cumulative effect of accounting change and before income or loss from equity investee

 

($22,626

)

($1,286

)

($15,430

)

($18,655

)

($195,644

)

Fixed Charges

 

11,236

 

11,091

 

12,564

 

13,500

 

8,160

 

Earnings (loss), as defined

 

($11,390

)

$9,805

 

($2,866

)

($5,155

)

($187,484

)

 

 

 

 

 

 

 

 

 

 

 

 

Preference security dividend

 

$0

 

$0

 

$0

 

$0

 

$0

 

Total fixed charges

 

11,236

 

11,091

 

12,564

 

13,500

 

8,160

 

Total fixed charges and preferred dividends

 

$11,236

 

$11,091

 

$12,564

 

$13,500

 

$8,160

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges and preferred stock dividends

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deficiency of earnings available to cover fixed charges

 

($22,626

)

($1,286

)

($15,430

)

($18,655

)

($195,644

)

 

 

 

 

 

 

 

 

 

 

 

 

Deficiency of earnings available to cover combined fixed charges and preferred stock dividends

 

($22,626

)

($1,286

)

($15,430

)

($18,655

)

($195,644

)

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$7,916

 

$7,778

 

$8,456

 

$9,495

 

$4,653

 

Estimated interest expense component of rent expense

 

3,320

 

3,313

 

4,108

 

4,005

 

3,507

 

 

 

$11,236

 

$11,091

 

$12,564

 

$13,500

 

$8,160

 

Ratio of earnings to fixed charges (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) For purposes of calculating the ratio of earnings to fixed charges, earnings is the amount resulting from (1) adding (a) pretax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees, (b) fixed charges. Fixed charges is  the sum of interest expensed and amortized premiums, discounts and capitalized expenses related to indebtedness and an estimate of the interest within rental expense (33%). We currently have no preference securities outstanding for which we are required to pay dividends.