EXHIBIT 12.1
MERCURY COMPUTER SYSTEMS, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
Year Ended June 30, 2002 | Year Ended June 30, 2003 | Year Ended June 30, 2004 | Year Ended June 30, 2005 | Year Ended June 30, 2006 | Six Months December 31, | |||||||||||||||
Income (loss) before income taxes | $ | 21,983 | $ | 32,870 | $ | 32,233 | $ | 43,123 | $ | (17,110 | ) | $ | (17,727 | ) | ||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | 987 | 923 | 1,441 | 4,166 | 4,102 | 2,548 | ||||||||||||||
Rentals: | ||||||||||||||||||||
Buildings, office equipment and other | 203 | 310 | 366 | 593 | 805 | 425 | ||||||||||||||
Total fixed charges | $ | 1,190 | $ | 1,233 | $ | 1,807 | $ | 4,759 | $ | 4,907 | $ | 2,973 | ||||||||
Income before income taxes plus fixed charges | $ | 23,173 | $ | 34,103 | $ | 34,040 | $ | 47,882 | $ | (12,203 | ) | $ | (14,754 | ) | ||||||
Ratio of earnings to fixed charges (A) | 19.5 | 27.7 | 18.8 | 10.1 | (2.5 | ) | (5.0 | ) | ||||||||||||
Coverage deficiency | $ | — | $ | — | $ | — | $ | — | $ | 17,110 | $ | 17,727 | ||||||||
| (A) | The ratio of earnings to fixed charges is calculated by dividing (a) earnings before income taxes and fixed charges by (b) fixed charges. Fixed charges include interest expense under operating leases the Company deems a reasonable approximation of the interest factor. |
