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ELECTRO SCIENTIFIC INDUSTRIES, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(AMOUNTS IN THOUSANDS OF DOLLARS)
| Fiscal Year Ended | | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Three Months Ended August 30, 2003 | ||||||||||||||
| May 31, 1999 | June 3, 2000 | June 2, 2001 | June 1, 2002 | May 31, 2003 | ||||||||||
Pre-tax income | 10,980 | 59,872 | 149,930 | (34,317 | ) | (79,221 | ) | (15,356 | ) | ||||||
Fixed charges: | |||||||||||||||
Interest expense | 158 | 223 | 4 | 3,725 | 7,457 | 1,927 | |||||||||
Interest portion of rentals(1) | 572 | 451 | 577 | 360 | 446 | 117 | |||||||||
Total fixed charges | 730 | 674 | 581 | 4,085 | 7,903 | 2,044 | |||||||||
Earnings plus fixed charges | 11,710 | 60,546 | 150,511 | (30,232 | ) | (71,318 | ) | (13,312 | ) | ||||||
Ratio of earnings to fixed charges | 16 | 90 | 259 | (7 | ) | (9 | ) | (7 | ) | ||||||
- (1)
- Calculated as one-third of rentals, which is a reasonable approximation of the interest factor.
ELECTRO SCIENTIFIC INDUSTRIES, INC. AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (AMOUNTS IN THOUSANDS OF DOLLARS)