Deluxe (DLX) 10-Q 2009 Q1 Quarterly report

Exhibit 12.1

Deluxe Corporation
Computation of Ratio of Earnings to Fixed Charges

	Quarter Ended March 31,		Year Ended December 31,
	2009		2008		2007		2006		2005		2004		2003
Earnings:
Income from continuing operations before income taxes	$	24,953	$	160,176	$	220,015	$	142,788	$	250,223	$	316,453	$	299,380
Interest expense (excluding capitalized interest)(1)		12,420		50,421		55,294		56,661		56,604		32,851		19,241
Portion of rent expense under long-term operating leases representative of an interest factor		720		3,147		2,900		3,526		4,642		4,875		2,478
Total earnings	$	38,093	$	213,744	$	278,209	$	202,975	$	311,469	$	354,179	$	321,099
Fixed charges:
Interest expense (including capitalized interest)(1)	$	12,420	$	50,421	$	55,294	$	57,051	$	57,399	$	33,299	$	19,241
Portion of rent expense under long-term operating leases representative of an interest factor		720		3,147		2,900		3,526		4,642		4,875		2,478
Total fixed charges	$	13,140	$	53,568	$	58,194	$	60,577	$	62,041	$	38,174	$	21,719
Ratio of earnings to fixed charges		2.9		4.0		4.8		3.4		5.0		9.3		14.8

⁽¹⁾ Does not include interest expense related to uncertain positions recorded under Financial Accounting Standards Board Interpretation No. 48,Accounting for Uncertainty in Income Taxes,which we adopted on January 1, 2007.