EX-12.1 2 masi-20161001x10qex121.htm RATIO OF EARNINGS TO FIXED CHARGES Exhibit


Exhibit 12.1

Masimo Corporation
Ratio of Earnings to Fixed Charges
(Dollars in thousands)

 
 
Nine Months Ended
 
Fiscal Year Ended
 
 
October 1,
2016
 
January 2,
2016
 
January 3,
2015
 
December 28,
2013
 
December 29,
2012
 
December 31,
2011
Ratio of earnings to fixed charges:
 
 
 
 
 
 
 
 
 
 
 
Income before provision for income taxes
$
110,793

 
$
116,345

 
$
102,041

 
$
75,726

 
$
83,821

 
$
86,531

Fixed charges
4,422

 
5,524

 
3,381

 
2,705

 
2,514

 
1,910

Noncontrolling interests in pre-tax (income) loss
—

 
1,757

 
2,350

 
607

 
744

 
(58
)
Total earnings
$
115,215

 
$
123,626

 
$
107,772

 
$
79,038

 
$
87,079

 
$
88,383

Fixed charges
 
 
 
 
 
 
 
 
 
 
 
Interest expensed
$
2,727

 
$
3,494

 
$
594

 
$
28

 
$
44

 
$
116

Estimated of interest within rental expense
1,695

 
2,030

 
2,787

 
2,677

 
2,470

 
1,794

Total fixed charges
$
4,422

 
$
5,524

 
$
3,381

 
$
2,705

 
$
2,514

 
$
1,910

Ratio of earnings to fixed charges
26.05

 
22.38

 
31.88

 
29.22

 
34.64

 
46.27


In the periods presented, there were no shares of preferred stock outstanding and no dividends paid on preferred stock. Therefore, the ratios of earnings to fixed charges and preferred stock dividends are not different from the ratios of earnings to fixed charges.