EX-12.1 5 d443194dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Masimo Corporation

Ratio of Earnings to Fixed Charges

(dollars in thousands)

 

     Fiscal Year Ended  
   December 29,
2012
     December 31,
2011
    January 1,
2011
    January 2,
2010
    January 3,
2009
 

Ratio of earnings to fixed charges:

           

Income before provision for income taxes

   $ 83,821       $ 86,531      $ 107,569      $ 82,180      $ 72,391   

Fixed charges

     2,514         1,910        1,941        1,768        2,435   

Noncontrolling interests in pre-tax (income) loss

     744         (58     (676     (1,159     —    
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Total earnings

   $ 87,079       $ 88,383      $ 108,834      $ 82,789      $ 74,826   
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Fixed charges

           

Interest expensed

   $ 44       $ 116      $ 23      $ 75      $ 753   

Estimate of interest within rental expense

     2,470         1,794        1,918        1,693        1,682   
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

   $ 2,514       $ 1,910      $ 1,941      $ 1,768      $ 2,435   
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

     34.64         46.27        56.07        46.83        30.73   
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

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.