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, | Six Months Ended | |||||||||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | 2013 | June 30, 2014 | |||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 16,035 | $ | (1,630 | ) | $ | 30,420 | $ | 35,023 | $ | 173,138 | $ | 22,972 | |||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest expense | 4 | 43 | 62 | 709 | 3,406 | 565 | ||||||||||||||||||
Interest relating to rental expense(1) | 2,438 | 2,533 | 2,081 | 1,912 | 2,024 | 1,067 | ||||||||||||||||||
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Total fixed charges | 2,442 | 2,576 | 2,143 | 2,621 | 5,430 | 1,632 | ||||||||||||||||||
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Earnings available for fixed charges | $ | 18,477 | $ | 946 | $ | 32,563 | $ | 37,644 | $ | 178,568 | $ | 24,604 | ||||||||||||
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Ratio of earnings to fixed charges | 7.57 | 0.37 | 15.20 | 14.36 | 32.89 | 15.08 | ||||||||||||||||||
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| (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 lease, as described in the footnotes to the financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2011, which was deemed to be all interest. The off-balance sheet financing lease was terminated effective November 1, 2012. |
