Exhibit 12.01
CADENCE DESIGN SYSTEMS, INC.
Computation of Consolidated Ratio of Earnings to Fixed Charges
| Six Months Ended | Year Ended | |||||||||||||||||||||||||||
| June 28, 2014 | June 29, 2013 | December 28, 2013 | December 29, 2012 | December 31, 2011 | January 1, 2011 | January 2, 2010 | ||||||||||||||||||||||
| (dollars in thousands) | ||||||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||||||
Income (loss) before income taxes | $ | 68,189 | $ | 88,681 | $ | 158,996 | $ | 188,271 | $ | 95,426 | $ | (62,768 | ) | $ | (153,505 | ) | ||||||||||||
(Earnings) losses in equity interests | (1,952 | ) | 541 | 596 | 65 | 136 | 133 | 481 | ||||||||||||||||||||
Fixed charges | 18,306 | 22,356 | 44,803 | 41,436 | 49,903 | 43,609 | 37,974 | |||||||||||||||||||||
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| $ | 84,543 | $ | 111,578 | $ | 204,395 | $ | 229,772 | $ | 145,465 | $ | (19,026 | ) | $ | (115,050 | ) | |||||||||||||
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Fixed charges: | ||||||||||||||||||||||||||||
Interest expense (1) | $ | 14,637 | $ | 18,790 | $ | 37,581 | $ | 34,742 | $ | 43,025 | $ | 36,343 | $ | 28,872 | ||||||||||||||
Estimated interest component of rent expense | 3,669 | 3,566 | 7,222 | 6,694 | 6,878 | 7,266 | 9,102 | |||||||||||||||||||||
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| $ | 18,306 | $ | 22,356 | $ | 44,803 | $ | 41,436 | $ | 49,903 | $ | 43,609 | $ | 37,974 | |||||||||||||||
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Earnings to fixed charges ratio (excess of fixed charges over earnings) | 4.6x | 5.0x | 4.6x | 5.5x | 2.9x | $ | (62,635 | ) | $ | (153,024 | ) | |||||||||||||||||
| (1) | Includes interest expense from indebtedness and amortization of discounts and capitalized expenses related to indebtedness. |
