TTM (TTMI) 10-K 2017 FY Annual report

Exhibit 12.1

TTM TECHNOLOGIES, INC.

Computation of Ratio of Earnings to Fixed Charges

	Year Ended
	January 1, 2018			January 2, 2017			December 28, 2015			December 29, 2014			December 30, 2013
	(In thousands)
Fixed Charges:
Interest expense	$	53,898		$	76,008		$	59,753		$	23,830		$	24,031
Interest capitalized		1,494			1,876			888			551			1,125
Estimated interest within rental expense		5,555			3,443			2,454			1,244			1,121
Total Fixed Charges		60,947			81,327			63,095			25,625			26,277
Earnings:
Net income (loss)		124,727			35,575			(25,618	)		14,693			23,893
Fixed charges per above		60,947			81,327			63,095			25,625			26,277
Income tax provision		15,231			31,427			34,594			7,598			15,879
Less: capitalized interest		(1,494	)		(1,876	)		(888	)		(551	)		(1,125	)
Amortization of interest capitalized		795			641			391			316			325
Total earnings		200,206			147,094			71,574			47,681			65,249
Ratio of fixed charges		3.3x			1.8x			1.1x			1.9x			2.5x