Deluxe (DLX) 10-Q 2013 Q2 Quarterly report

Exhibit 12.1

Deluxe Corporation

Computation of Ratio of Earnings to Fixed Charges

	Six Months Ended June 30,				Year Ended December 31,
	2013		2012		2011		2010		2009		2008		2007
Earnings:
Income from continuing operations before income taxes	$	141,643	$	250,753	$	216,084	$	235,949	$	155,021	$	160,176	$	220,015
Interest expense (excluding capitalized interest)(1)	19,043		46,847		47,797		44,165		46,280		50,421		55,294
Portion of rent expense under long-term operating leases representative of an interest factor	2,007		4,463		3,215		3,438		2,716		3,147		2,900
Total earnings	$	162,693	$	302,063	$	267,096	$	283,552	$	204,017	$	213,744	$	278,209
Fixed charges:
Interest expense (including capitalized interest)(1)	$	19,043	$	46,847	$	47,797	$	44,165	$	46,280	$	50,421	$	55,294
Portion of rent expense under long-term operating leases representative of an interest factor	2,007		4,463		3,215		3,438		2,716		3,147		2,900
Total fixed charges	$	21,050	$	51,310	$	51,012	$	47,603	$	48,996	$	53,568	$	58,194
Ratio of earnings to fixed charges	7.7		5.9		5.2		6.0		4.2		4.0		4.8

⁽¹⁾ Does not include interest expense related to uncertain tax positions.