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, | ||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | ||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | (4,469 | ) | $ | 41,531 | $ | 22,209 | $ | (133,076 | ) | $ | 16,035 | $ | (9,691 | ) | ||||||
Fixed charges: | |||||||||||||||||||||
Interest expense | 5,010 | 5,028 | 5,012 | 1,537 | 4 | 13 | |||||||||||||||
Interest relating to rental expense (1) | 4,079 | 5,790 | 6,339 | 5,314 | 2,438 | 728 | |||||||||||||||
Total fixed charges | 9,089 | 10,818 | 11,351 | 6,851 | 2,442 | 741 | |||||||||||||||
Earnings available for fixed charges | $ | 4,620 | $ | 52,349 | $ | 33,560 | $ | (126,225 | ) | $ | 18,477 | $ | (8,950 | ) | |||||||
Ratio of earnings to fixed charges | N/A | (2) | 4.84 | 2.96 | N/A | (3) | 7.57 | N/A | (4) | ||||||||||||
| (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, 2009 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. |
| (4) | For the three months ended March 31, 2010 our earnings were insufficient to cover fixed charges; the amount of additional earnings needed to cover fixed charges for the year was $9.7 million. |