Deluxe (DLX) 10-Q 2006 Q2 Quarterly report

Exhibit 12.1

Deluxe Corporation
Computation of Ratio of Earnings to Fixed Charges

			Year Ended December 31,
	Six Months Ended June 30, 2006		2005		2004		2003		2002		2001
Earnings:
Income from continuing operations before income taxes	$	33,416	$	250,734	$	316,873	$	299,380	$	340,722	$	297,534
Interest expense (excluding capitalized interest)		28,589		56,604		32,851		19,241		5,079		5,691
Portion of rent expense under long-term operating
leases representative of an interest factor		1,897		4,799		4,929		2,478		3,058		3,540
Total earnings	$	63,902	$	312,137	$	354,653	$	321,099	$	348,859	$	306,765
Fixed charges:
Interest expense (including capitalized interest)	$	28,979	$	57,399	$	33,299	$	19,241	$	5,139	$	5,691
Portion of rent expense under long-term operating
leases representative of an interest factor		1,897		4,799		4,929		2,478		3,058		3,540
Total fixed charges	$	30,876	$	62,198	$	38,228	$	21,719	$	8,197	$	9,231
Ratio of earnings to fixed charges		2.1		5.0		9.3		14.8		42.6		33.2