Exhibit 12.1
Electronics for Imaging, Inc.
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except for ratio of earnings to fixed charges)
Years Ended December 31, | Nine Months Ended September 30, 2006 | ||||||||||||||||||
2001 As restated(2) | 2002 As restated(2) | 2003 As restated(2) | 2004 As restated(2) | 2005 As restated(2) | |||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 60,372 | $ | 13,783 | $ | 34,776 | $ | 21,311 | $ | (4,469 | ) | $ | 41,886 | ||||||
Fixed charges: | |||||||||||||||||||
Interest expense (including capitalized interest) | 1,229 | 22 | 2,886 | 5,632 | 5,010 | 3,754 | |||||||||||||
Interest relating to rental expense(1) | 3,644 | 2,853 | 2,141 | 2,584 | 4,079 | 4,246 | |||||||||||||
Total fixed charges | 4,873 | 2,875 | 5,027 | 8,216 | 9,089 | 8,000 | |||||||||||||
Earnings available for fixed charges | $ | 65,245 | $ | 16,658 | $ | 39,803 | $ | 29,527 | $ | 4,620 | $ | 49,886 | |||||||
Ratio of earnings to fixed charges | 13.39 | 5.79 | 7.92 | 3.59 | 0.51 | 6.24 | |||||||||||||
(1) | The representative interest portion of rental expense was deemed to be one-third of all rental expense, except for the rental expense related to the off-balance sheet financing leases, as described in the footnotes to the financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2006 which was deemed to be all interest. |
(2) | See Note 2, “Restatement of Condensed Consolidated Financial Statements” to Consolidated Financial Statements. |