Exhibit 12.01
CADENCE DESIGN SYSTEMS, INC.
Statement Regarding Computation of Consolidated Ratio of Earnings to Fixed Charges
| Six Months Ended | Year Ended | |||||||||||||||||||||||||||
| July 4, 2015 | June 28, 2014 | January 3, 2015 | December 28, 2013 | December 29, 2012 | December 31, 2011 | January 1, 2011 | ||||||||||||||||||||||
| (dollars in thousands) | ||||||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||||||
Income (loss) before income taxes | $ | 111,883 | $ | 68,189 | $ | 181,002 | $ | 158,996 | $ | 188,271 | $ | 95,426 | $ | (62,768 | ) | |||||||||||||
(Earnings) losses in equity interests | (775 | ) | (1,952 | ) | (1,439 | ) | 596 | 65 | 136 | 133 | ||||||||||||||||||
Fixed charges | 24,579 | 19,026 | 43,010 | 46,064 | 42,624 | 49,903 | 43,609 | |||||||||||||||||||||
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| $ | 135,687 | $ | 85,263 | $ | 222,573 | $ | 205,656 | $ | 230,960 | $ | 145,465 | $ | (19,026 | ) | ||||||||||||||
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Fixed charges: | ||||||||||||||||||||||||||||
Interest expense (1) | $ | 19,934 | $ | 14,637 | $ | 34,121 | $ | 37,581 | $ | 34,742 | $ | 43,025 | $ | 36,343 | ||||||||||||||
Estimated interest component of rent expense | 4,645 | 4,389 | 8,889 | 8,483 | 7,882 | 6,878 | 7,266 | |||||||||||||||||||||
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| $ | 24,579 | $ | 19,026 | $ | 43,010 | $ | 46,064 | $ | 42,624 | $ | 49,903 | $ | 43,609 | |||||||||||||||
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Earnings to fixed charges ratio (excess of fixed charges over earnings) | 5.5x | 4.5x | 5.2x | 4.5x | 5.4x | 2.9x | $ | (62,635 | ) | |||||||||||||||||||
| (1) | Includes interest expense from indebtedness and amortization of discounts and capitalized expenses related to indebtedness. |
