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, | Three Months Ended March 31, | |||||||||||||||||||
(in thousands, except ratio of earnings to fixed charges) | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | ||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 21,311 | $ | (4,469 | ) | $ | 41,531 | $ | 22,209 | $ | (133,076 | ) | $ | 55,914 | ||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | 5,632 | 5,010 | 5,028 | 5,012 | 1,537 | — | ||||||||||||||
Interest relating to rental expense (1) | 2,584 | 4,079 | 5,790 | 6,339 | 5,314 | 652 | ||||||||||||||
Total fixed charges | 8,216 | 9,089 | 10,818 | 11,351 | 6,851 | 652 | ||||||||||||||
Earnings available for fixed charges | $ | 29,527 | $ | 4,620 | $ | 52,349 | $ | 33,560 | $ | (126,225 | ) | $ | 56,566 | |||||||
Ratio of earnings to fixed charges | 3.59 | N/A | (2) | 4.84 | 2.96 | N/A | (3) | 86.76 | ||||||||||||
| (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, 2008, as amended, which was deemed to be all interest. |
| (2) | For the year ended December 31, 2005 our earnings were insufficient to cover fixed charges; the amount of additional earnings needed to cover fixed charges for the year was $4.5 million. |
| (3) | For the year ended December 31, 2008 our earnings were insufficient to cover fixed charges; the amount of additional earnings needed to cover fixed charges for the year was $133.1 million. |