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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Good
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Exhibit 12.1
Deluxe Corporation
Computation of Ratio of Earnings to Fixed Charges
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| Three Months |
| Year Ended December 31, |
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| 2007 |
| 2006 |
| 2005 |
| 2004 |
| 2003 |
| 2002 |
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Earnings: |
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Income from continuing operations before |
| $ | 57,162 |
| $ | 142,541 |
| $ | 250,734 |
| $ | 316,873 |
| $ | 299,380 |
| $ | 340,722 |
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Interest expense (excluding capitalized interest) |
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| 12,799 |
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| 56,661 |
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| 56,604 |
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| 32,851 |
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| 19,241 |
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| 5,079 |
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Portion of rent expense under long-term operating |
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| 844 |
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| 3,675 |
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| 4,799 |
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| 4,929 |
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| 2,478 |
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| 3,058 |
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Total earnings |
| $ | 70,805 |
| $ | 202,877 |
| $ | 312,137 |
| $ | 354,653 |
| $ | 321,099 |
| $ | 348,859 |
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Fixed charges: |
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Interest expense (including capitalized interest) |
| $ | 12,799 |
| $ | 57,051 |
| $ | 57,399 |
| $ | 33,299 |
| $ | 19,241 |
| $ | 5,139 |
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Portion of rent expense under long-term operating |
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| 844 |
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| 3,675 |
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| 4,799 |
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| 4,929 |
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| 2,478 |
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| 3,058 |
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Total fixed charges |
| $ | 13,643 |
| $ | 60,726 |
| $ | 62,198 |
| $ | 38,228 |
| $ | 21,719 |
| $ | 58,197 |
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Ratio of earnings to fixed charges |
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| 5.2 |
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| 3.3 |
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| 5.0 |
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| 9.3 |
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| 14.8 |
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| 42.6 |
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