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Exhibit 12.1
Medical Device Manufacturing, Inc.
Ratio of Earnings to Fixed Charges
(in thousands)
| Period from UTI's Predecessor's Inception (July 2, 1999) to December 31, 1999 | | | | | | | | |||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | | | | | Pro Forma** | |||||||||||||||||||
| Twelve Months Ended December 31, | Six Months Ended June 30, 2004 | | Six Months Ended June 30, 2004 | |||||||||||||||||||||
| Twelve Months Ended December 31, 2003 | ||||||||||||||||||||||||
| 2000 | 2001 | 2002 | 2003 | |||||||||||||||||||||
Pre-tax income (loss) | $ | 466 | $ | (16,282 | ) | $ | (8,502 | ) | $ | (32,557 | ) | $ | (932 | ) | $ | (992 | ) | $ | (47,565 | ) | $ | 4,867 | |||
Interest expense | 804 | 11,363 | 17,802 | 16,923 | 16,587 | 12,015 | 28,685 | 14,331 | |||||||||||||||||
Amortization of capitalized interest | — | — | — | — | — | — | — | — | |||||||||||||||||
Distributed income of equity investees | — | — | — | — | — | — | — | — | |||||||||||||||||
Interest portion of rent* | 49 | 398 | 638 | 766 | 1,044 | 569 | 2,577 | 1,359 | |||||||||||||||||
Earnings (loss) | 1,319 | (4,521 | ) | 9,938 | (14,868 | ) | 16,699 | 11,592 | (16,303 | ) | 20,557 | ||||||||||||||
Fixed charges | $ | 853 | $ | 11,761 | $ | 18,440 | $ | 17,689 | $ | 17,631 | $ | 12,584 | $ | 31,262 | $ | 15,690 | |||||||||
Ratio | 1.5x | — | — | — | — | — | — | 1.3x | |||||||||||||||||
Deficency | $ | — | $ | 16,282 | $ | 8,502 | $ | 32,557 | $ | 932 | $ | 992 | $ | 47,565 | $ | — |
UTI Pennsylvania
Ratio of Earnings to Fixed Charges
(in thousands)
| Year Ended December 31, 1999 | Five Months Ended May 31, 2000 | ||||||
---|---|---|---|---|---|---|---|---|
Pre-tax income (loss) | $ | 2,127 | $ | (16,840 | ) | |||
Interest expense | 592 | 257 | ||||||
Amortization of capitalized interest | — | — | ||||||
Distributed income of equity investees | — | — | ||||||
Interest portion of rent* | 259 | 123 | ||||||
Earnings (loss) | 2,978 | (16,460 | ) | |||||
Fixed charges | $ | 851 | $ | 380 | ||||
Ratio | 3.5x | — | ||||||
Deficency | $ | — | $ | 16,840 |
- *
- Interest portion of rent is estimated to be one-third of rent expense
- **
- Refer to pages P-1 to P-5 of S-4 Registration Statement
Medical Device Manufacturing, Inc. Ratio of Earnings to Fixed Charges (in thousands)
UTI Pennsylvania Ratio of Earnings to Fixed Charges (in thousands)