Exhibit 12.1
3D SYSTEMS CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
RATIO OF EARNINGS TO FIXED CHARGES
2010 | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||||||
Fixed charges | ||||||||||||||||||||||||
Interest on debt and capitalized leases | 587,252 | 617,992 | 917,682 | 1,829,727 | 1,645,407 | 1,755,082 | ||||||||||||||||||
Amortization of debt discount and expense | ||||||||||||||||||||||||
Interest element of rentals | 658,341 | 568,431 | 632,700 | 899,766 | 788,211 | 819,180 | ||||||||||||||||||
Total fixed charges | 1,245,593 | 1,186,423 | 1,550,382 | 2,729,493 | 2,433,618 | 2,574,262 | ||||||||||||||||||
Earnings | ||||||||||||||||||||||||
Net income (loss) | 19,566,000 | 1,139,000 | (6,154,000 | ) | (6,740,000 | ) | (29,280,000 | ) | 9,406,000 | |||||||||||||||
Addback: | ||||||||||||||||||||||||
Extraordinary charge | — | — | — | — | — | — | ||||||||||||||||||
Loss from discontinued operation | — | — | — | — | — | — | ||||||||||||||||||
Consolidated provision for income taxes | 173,000 | 774,000 | 294,000 | 491,000 | 2,179,000 | (1,691,000 | ) | |||||||||||||||||
Fixed charges | 1,245,593 | 1,186,423 | 1,550,382 | 2,729,493 | 2,433,618 | 2,574,262 | ||||||||||||||||||
Subtotal earnings | 20,984,593 | 3,099,423 | (4,309,618 | ) | (3,519,507 | ) | (24,667,382 | ) | 10,289,262 | |||||||||||||||
Less : Undistributed earning of less-than-50% owned affiliates | — | 73,000 | — | — | — | — | ||||||||||||||||||
Total earnings | 20,984,593 | 3,026,423 | (4,309,618 | ) | (3,519,507 | ) | (24,667,382 | ) | 10,289,262 | |||||||||||||||
Ratio of earnings to fixed charges | 16.8 | 2.6 | (2.8 | ) | (1.3 | ) | (10.1 | ) | 4.0 | |||||||||||||||
Interest on Rentals Worksheet | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||||||
Rental expense | 1,977,000 | 1,707,000 | 1,900,000 | 2,702,000 | 2,367,000 | 2,460,000 | |||||||||||||||||||
Company interest factor | 33.3 | % | 33.3 | % | 33.3 | % | 33.3 | % | 33.3 | % | 33.3 | % | |||||||||||||
Interest component of rent expense | 658,341 | 568,431 | 632,700 | 899,766 | 788,211 | 819,180 | |||||||||||||||||||