Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
EPIQ SYSTEMS, INC.
(In Thousands, except for Ratio)
|
| Nine Months |
| Year Ended December 31, |
| ||||||||||||||
|
| 2013 |
| 2012 |
| 2011 |
| 2010 |
| 2009 |
| 2008 |
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Earnings |
|
|
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|
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Net income |
| $ | 11,014 |
| $ | 22,427 |
| $ | 12,080 |
| $ | 13,929 |
| $ | 14,595 |
| $ | 13,836 |
|
Income tax expense |
| 5,566 |
| 12,979 |
| 8,827 |
| 12,641 |
| 12,266 |
| 10,507 |
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Fixed charges |
| 11,169 |
| 13,089 |
| 9,651 |
| 5,335 |
| 4,023 |
| 3,505 |
| ||||||
Earnings available for fixed charges |
| 27,749 |
| 48,495 |
| 30,558 |
| 31,905 |
| 30,884 |
| 27,848 |
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|
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Fixed Charges |
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Interest expense * |
| 7,504 |
| 8,767 |
| 5,204 |
| 1,537 |
| 1,160 |
| 1,331 |
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Interest capitalized |
| (168 | ) | (220 | ) | — |
| — |
| — |
| — |
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Amortization of deferred loan charges |
| 608 |
| 716 |
| 640 |
| 393 |
| 314 |
| 426 |
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Estimated interest expense in leases |
| 3,225 |
| 3,826 |
| 3,807 |
| 3,405 |
| 2,549 |
| 1,748 |
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Total fixed charges |
| $ | 11,169 |
| $ | 13,089 |
| $ | 9,651 |
| $ | 5,335 |
| $ | 4,023 |
| $ | 3,505 |
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Ratio of Earnings to Fixed Charges |
| 2.5 |
| 3.7 |
| 3.2 |
| 6.0 |
| 7.7 |
| 7.9 |
|
* Interest expense excludes interest related to uncertain tax positions which is included in income tax expense shown above.