Exhibit 12.1
Deluxe Corporation
Computation of Ratio of Earnings to Fixed Charges
| Nine Months Ended September 30, | Year Ended December 31, | ||||||||||||||||||||
| 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||
| Earnings: | |||||||||||||||||||||
| Income from continuing operations before income taxes | $ | 189,868 | $ | 216,084 | $ | 235,949 | $ | 155,021 | $ | 160,176 | $ | 220,015 | $ | 142,788 | |||||||
Interest expense (excluding capitalized interest)(1) | 34,944 | 47,797 | 44,165 | 46,280 | 50,421 | 55,294 | 56,661 | ||||||||||||||
| Portion of rent expense under long-term operating leases representative of an interest factor | 3,269 | 3,215 | 3,438 | 2,716 | 3,147 | 2,900 | 3,526 | ||||||||||||||
| Total earnings | $ | 228,081 | $ | 267,096 | $ | 283,552 | $ | 204,017 | $ | 213,744 | $ | 278,209 | $ | 202,975 | |||||||
| Fixed charges: | |||||||||||||||||||||
Interest expense (including capitalized interest)(1) | $ | 34,944 | $ | 47,797 | $ | 44,165 | $ | 46,280 | $ | 50,421 | $ | 55,294 | $ | 57,051 | |||||||
| Portion of rent expense under long-term operating leases representative of an interest factor | 3,269 | 3,215 | 3,438 | 2,716 | 3,147 | 2,900 | 3,526 | ||||||||||||||
| Total fixed charges | $ | 38,213 | $ | 51,012 | $ | 47,603 | $ | 48,996 | $ | 53,568 | $ | 58,194 | $ | 60,577 | |||||||
| Ratio of earnings to fixed charges | 6.0 | 5.2 | 6.0 | 4.2 | 4.0 | 4.8 | 3.4 | ||||||||||||||
(1) Does not include interest expense related to uncertain tax positions.