Exhibit 12.1
American Medical Systems Holdings, Inc.
Computation of Ratio of Earnings to Fixed Charges
for the Quarters Ended July 4, 2009 and April 4, 2009 and for the Fiscal Years 2008, 2007, 2006, 2005 and 2004
(Unaudited) (amounts in thousands)
Quarter Ended | Year Ended | |||||||||||||||||||||
7/4/2009 | 4/4/2009 | 1/3/2009 | 12/29/2007 | 12/30/2006 | 12/31/2005 | 1/1/2005 | ||||||||||||||||
Income before income taxes | $ | 26,401 | $ | 26,852 | $ | 50,158 | $ | 16,633 | $ | (38,282 | ) | $ | 66,225 | $ | 16,903 | |||||||
Fixed charges: | ||||||||||||||||||||||
Interest expense | 4,966 | 5,410 | 27,398 | 37,760 | 18,395 | 217 | 783 | |||||||||||||||
Imputed interest on leases | 123 | 123 | 490 | 403 | 298 | 259 | 240 | |||||||||||||||
Amortization of financing costs (a) | 3,974 | 3,981 | 18,482 | 16,145 | 14,434 | — | — | |||||||||||||||
Total fixed charges | 9,063 | 9,514 | 46,370 | 54,308 | 33,127 | 476 | 1,023 | |||||||||||||||
Income before income taxes and fixed charges | 35,464 | 36,366 | 96,528 | 70,941 | (5,155 | ) | 66,701 | 17,926 | ||||||||||||||
Ratio of earnings to fixed charges | 3.9 | 3.8 | 2.1 | 1.3 | (b | ) | 140.1 | 17.5 |
(a) Represents amortization of debt issuance costs incurred in connection with the Company’s registered debt securities. Please see our Form 8-K dated August 4, 2009 for more information on the adoption of FSP APB 14-1 and further information regarding the debt securities.
(b) Due to the registrant’s loss in 2006, the ratio coverage was less than 1:1. The registrant would have needed to generate additional earnings of $38.3 million to achieve a coverage of 1:1 in 2006.