Deluxe (DLX) 10-Q 2010 Q1 Quarterly report

Exhibit 12.1

Deluxe Corporation
Computation of Ratio of Earnings to Fixed Charges

	Quarter Ended		Year Ended December 31,
	March 31,
	2010		2009		2008		2007		2006		2005		2004
Earnings:
Income from continuing operations before income taxes	$	58,064	$	155,021	$	160,176	$	220,015	$	142,788	$	250,223	$	316,453
Interest expense (excluding capitalized interest)(1)		10,535		46,280		50,421		55,294		56,661		56,604		32,851
Portion of rent expense under long-term operating leases representative of an interest factor		653		2,716		3,147		2,900		3,526		4,642		4,875
Total earnings	$	69,252	$	204,017	$	213,744	$	278,209	$	202,975	$	311,469	$	354,179
Fixed charges:
Interest expense (including capitalized interest)(1)	$	10,535	$	46,280	$	50,421	$	55,294	$	57,051	$	57,399	$	33,299
Portion of rent expense under long-term operating leases representative of an interest factor		653		2,716		3,147		2,900		3,526		4,642		4,875
Total fixed charges	$	11,188	$	48,996	$	53,568	$	58,194	$	60,577	$	62,041	$	38,174
Ratio of earnings to fixed charges		6.2		4.2		4.0		4.8		3.4		5.0		9.3

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