Exhibit 12.1
LAWSON SOFTWARE, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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| Quarter Ended |
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| February 28, |
| Fiscal Years Ended May 31, |
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(In thousands, except ratios) |
| 2009 |
| 2008 |
| 2007 |
| 2006 |
| 2005 |
| 2004 |
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Fixed charges: |
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Interest expense on indebtedness |
| $ | 1,931 |
| $ | 8,844 |
| $ | 4,134 |
| $ | 53 |
| $ | 49 |
| $ | 70 |
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Rent interest factor (1) |
| 2,359 |
| 10,467 |
| 8,994 |
| 5,454 |
| 4,733 |
| 4,800 |
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Total fixed charges |
| $ | 4,290 |
| $ | 19,311 |
| $ | 13,128 |
| $ | 5,507 |
| $ | 4,782 |
| $ | 4,870 |
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Earnings: |
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Income (loss) before provision for income taxes |
| $ | 14,105 |
| $ | 48,781 |
| $ | (6,537 | ) | $ | 27,667 |
| $ | 8,117 |
| $ | 15,314 |
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Fixed charges |
| 4,290 |
| 19,311 |
| 13,128 |
| 5,507 |
| 4,782 |
| 4,870 |
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Total earnings |
| $ | 18,395 |
| $ | 68,092 |
| $ | 6,591 |
| $ | 33,174 |
| $ | 12,899 |
| $ | 20,184 |
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Ratio |
| 4.29 |
| 3.53 |
| 0.50 | (2) | 6.02 |
| 2.70 |
| 4.14 |
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(1) Approximately 1/3 of rent expense is deemed representative of the interest factor.
(2) Our ratio of earnings to fixed charges was below a one-to-one coverage by $6.5 million due to our net loss recorded in fiscal 2007.
