Exhibit 12.1
M/A COM Technology Solutions Holdings, Inc.
Ratio of Earnings to Fixed Charges
Fiscal Year Ended | Fiscal Quarter Ended January 2, 2015 | |||||||||||||||||||||||
October 1, 2010 | September 30, 2011 | September 28, 2012 | September 27, 2013 | October 3, 2014 | ||||||||||||||||||||
Earnings available for fixed charges: | ||||||||||||||||||||||||
Income (loss) from continuing operations before income tax(1) | $ | 15,531 | $ | (451 | ) | $ | 12,289 | $ | 27,331 | $ | (18,772 | ) | (5,828 | ) | ||||||||||
Fixed Charges | 3,555 | 2,893 | 2,060 | 2,316 | 14,560 | 5,289 | ||||||||||||||||||
Net income—noncontrolling interests | (195 | ) | — | — | — | — | — | |||||||||||||||||
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Total Earnings available for fixed charges | $ | 18,891 | $ | 2,442 | $ | 14,349 | $ | 29,647 | $ | (4,212 | ) | $ | (539 | ) | ||||||||||
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Fixed Charges: | ||||||||||||||||||||||||
Interest expense | $ | 2,323 | $ | 1,561 | $ | 695 | $ | 817 | $ | 12,362 | 4,723 | |||||||||||||
Portion of rental expense which represents interest factor (2) | 1,232 | 1,332 | 1,365 | 1,499 | 2,198 | 566 | ||||||||||||||||||
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Total Fixed Charges | $ | 3,555 | $ | 2,893 | $ | 2,060 | $ | 2,316 | $ | 14,560 | $ | 5,289 | ||||||||||||
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Ratio of earnings to fixed charges | 5.3 | 0.8 | 7.0 | 12.8 | (0.3 | ) | (0.1 | ) | ||||||||||||||||
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(1) | The ratio coverage for the fiscal years 2011 and 2014 and for the fiscal quarter ended January 2, 2015 was less than 1:1 in each of these periods. The Company would have needed to generate additional earnings of approximately $0.5 million, $18.8 million and $5.8 million in fiscal years 2011 and 2014 and for the fiscal quarter ended January 2, 2015, respectively, to achieve a coverage ratio of 1:1 in each of these periods |
(2) | The portion of total rent expense that represents the interest factor is 33.3%. |