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- 10-K Annual report
- 10.18 Employment Agreement Between Serena Software, Inc. and Michael Steinharter
- 10.19 Employment Agreement Between Serena Software, Inc. and Jeremy Burton
- 10.20 Separation Agreement and General Release
- 10.21 Form of Change In Control Agreement
- 10.24 Share Subscription Agreement
- 12.1 Statement of Computation of Ratio of Earnings to Fixed Charges
- 14.1 Financial Code of Ethics
- 21.1 List of Subsidiaries of Serena Software, Inc.
- 31.1 Certification of Chief Executive Officer Pursuant to Section 302
- 31.2 Certification of Chief Financial Officer Pursuant to Section 302
- 32.1 Certification of Chief Executive Officer Pursuant to Section 906
- 32.2 Certification of Chief Financial Officer Pursuant to Section 906
Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except for ratios)
Predecessor | Successor | |||||||||||||
Fiscal Year Ended January 31, | Fiscal Year Ended January 31, 2007 | |||||||||||||
For the Period From February 1, 2006 to March 9, 2006 | For the Period January 31, 2007 | |||||||||||||
2005 | 2006 | |||||||||||||
Income (loss) before income taxes | $ | 20,059 | $ | 52,630 | $ | (43,051 | ) | $ | (42,155 | ) | ||||
Interest | 3,300 | 3,300 | 355 | 45,062 | ||||||||||
Amortization of debt issuance costs | 1,466 | 1,340 | 1,931 | 1,632 | ||||||||||
Portion of rentals deemed to be interest | 1,455 | 1,530 | 161 | 1,700 | ||||||||||
Income (loss) available for fixed charges | $ | 26,280 | $ | 58,800 | $ | (40,604 | ) | $ | 6,239 | |||||
Fixed charges: | ||||||||||||||
Interest | $ | 3,300 | $ | 3,300 | $ | 355 | $ | 45,062 | ||||||
Amortization of debt issuance costs | 1,466 | 1,340 | 1,931 | 1,632 | ||||||||||
Portion of rentals deemed to be interest | 1,455 | 1,530 | 161 | 1,700 | ||||||||||
Total fixed charges | $ | 6,221 | $ | 6,170 | $ | 2,447 | $ | 48,394 | ||||||
Ratio of earnings to fixed charges | 4.2x | 9.5x | — | — |
For purposes of computing the ratio of earnings to fixed charges, earnings consist of income before income taxes plus fixed charges. Fixed charges consist of (i) interest expense, (ii) amortization of debt issuance costs, and (iii) that portion of rental expense we estimate to be representative of interest. Earnings would not have been sufficient to cover fixed charges by $43.1 million and $42.2 million for the predecessor period from February 1, 2006 through March 9, 2006 and the successor period from March 10, 2006 through January 31, 2007, respectively.