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H.S. freshman Avg
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Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
EPIQ SYSTEMS, INC.
(In Thousands, except for Ratio)
|
| 2011 |
| 2010 |
| 2009 |
| 2008 |
| 2007 |
| |||||
Earnings |
|
|
|
|
|
|
|
|
|
|
| |||||
Net income |
| $ | 12,080 |
| $ | 13,929 |
| $ | 14,595 |
| $ | 13,836 |
| $ | 6,929 |
|
Income tax expense |
| 8,827 |
| 12,641 |
| 12,266 |
| 10,507 |
| 4,066 |
| |||||
Fixed charges |
| 9,651 |
| 5,335 |
| 4,023 |
| 3,505 |
| 13,882 |
| |||||
Earnings available for fixed charges |
| 30,558 |
| 31,905 |
| 30,884 |
| 27,848 |
| 24,877 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
Fixed Charges |
|
|
|
|
|
|
|
|
|
|
| |||||
Interest expense * |
| 5,204 |
| 1,537 |
| 1,160 |
| 1,331 |
| 10,980 |
| |||||
Amortization of deferred loan charges |
| 640 |
| 393 |
| 314 |
| 426 |
| 993 |
| |||||
Estimated interest expense in leases |
| 3,807 |
| 3,405 |
| 2,549 |
| 1,748 |
| 1,909 |
| |||||
Total fixed charges |
| $ | 9,651 |
| $ | 5,335 |
| $ | 4,023 |
| $ | 3,505 |
| $ | 13,882 |
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
Ratio of Earnings to Fixed Charges |
| 3.2 |
| 6.0 |
| 7.7 |
| 7.9 |
| 1.8 |
|
* Interest included in fixed charges includes only interest on third party indebtedness and, accordingly, we have excluded accrued interest expense related to uncertain tax positions.