EXHIBIT 12
EXABYTE CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DIVIDENDS
(In thousands)
| Fiscal Years Ended | ||||
| Dec. 30, | Jan. 1, | Jan. 2, | Jan. 3, | Dec. 28, |
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Pre-tax income(loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees | $(42,424) | $(51,188) | $(6,149) | $(53,123) | 12,683 |
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Fixed charges: |
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Interest expense, etc. | 686 | 477 | 607 | 637 | 530 |
Appropriate portion of rentals (1). | 1,923 | 1,972 | 1,957 | 1,990 | 1,969 |
Total fixed charges | 2,609 | 2,449 | 2,564 | 2,627 | 2,499 |
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Pre-tax income(loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees plus fixed charges | $(39,815) | $(48,739) | $(3,585) | $(50,496) | $15,182 |
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Preferred dividend requirements | -- | -- | -- | -- | -- |
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Ratio of pre-tax income to net income | 1.03 | 0.58 | 2.22 | 1.72 | 1.47 |
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Preferred dividend factor | -- | -- | -- | -- | -- |
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Total fixed charges | 2,609 | 2,449 | 2,564 | 2,627 | 2,499 |
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Total fixed charges and preferred dividends | $2,609 | $2,449 | $2,564 | $2,627 | $2,499 |
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Ratio of earnings to combined fixed charges and preferred dividends | (15.3) | (19.9) | (1.4) | (19.2) | 6.1 |
(1) Management believes that the appropriate portion of rentals is representative of the interest factor, that is, 1/3 of rentals.