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, | |||||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | |||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | (4,469 | ) | $ | 41,531 | $ | 22,209 | $ | (133,076 | ) | $ | 16,035 | $ | (9,410 | ) | |||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest expense | 5,010 | 5,028 | 5,012 | 1,537 | 4 | 17 | ||||||||||||||||||
Interest relating to rental expense(1) | 4,079 | 5,790 | 6,339 | 5,314 | 2,438 | 1,879 | ||||||||||||||||||
Total fixed charges | 9,089 | 10,818 | 11,351 | 6,851 | 2,442 | 1,896 | ||||||||||||||||||
Earnings available for fixed charges | $ | 4,620 | $ | 52,349 | $ | 33,560 | $ | (126,225 | ) | $ | 18,477 | $ | (7,514 | ) | ||||||||||
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 2005 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 2008 was $133.1 million. |
| (4) | For the nine months ended September 30, 2010 our earnings were insufficient to cover fixed charges; the amount of additional earnings needed to cover fixed charges for 2010 was $9.4 million. |