Exhibit 12.1
Masimo Corporation
Ratio of Earnings to Fixed Charges
(dollars in thousands)
| Nine months ended September 29, 2012 | Fiscal Year Ended | |||||||||||||||||||||||
| December 31, 2011 | January 1, 2011 | January 2, 2010 | January 3, 2009 | December 29, 2007 | ||||||||||||||||||||
Ratio of earnings to fixed charges: | ||||||||||||||||||||||||
Income before provision for income taxes | $ | 62,821 | $ | 86,531 | $ | 107,569 | $ | 82,180 | $ | 72,391 | $ | 68,122 | ||||||||||||
Fixed charges | 1,868 | 1,910 | 1,941 | 1,768 | 2,435 | 3,831 | ||||||||||||||||||
Noncontrolling interests’ pre-tax (income) loss | 442 | (58 | ) | (676 | ) | (1,159 | ) | — | — | |||||||||||||||
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Total earnings | $ | 65,131 | $ | 88,383 | $ | 108,834 | $ | 82,789 | $ | 74,826 | $ | 71,953 | ||||||||||||
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Fixed charges | ||||||||||||||||||||||||
Interest expensed | $ | 42 | $ | 116 | $ | 23 | $ | 75 | $ | 753 | $ | 2,475 | ||||||||||||
Estimate of interest within rental expense | 1,826 | 1,794 | 1,918 | 1,693 | 1,682 | 1,356 | ||||||||||||||||||
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Total fixed charges | $ | 1,868 | $ | 1,910 | $ | 1,941 | $ | 1,768 | $ | 2,435 | $ | 3,831 | ||||||||||||
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Ratio of earnings to fixed charges | 34.87 | 46.27 | 56.07 | 46.83 | 30.73 | 18.78 | ||||||||||||||||||
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Ratio of earnings to fixed charges and preferred stock dividends: | ||||||||||||||||||||||||
Income before provision for income taxes | $ | 62,821 | $ | 86,531 | $ | 107,569 | $ | 82,180 | $ | 72,391 | $ | 68,122 | ||||||||||||
Fixed charges and preferred stock dividends | 1,868 | 1,910 | 1,941 | 1,768 | 2,435 | 11,629 | ||||||||||||||||||
Noncontrolling interests’ pre-tax (income) loss | 442 | (58 | ) | (676 | ) | (1,159 | ) | — | — | |||||||||||||||
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Total earnings | $ | 65,131 | $ | 88,383 | $ | 108,834 | $ | 82,789 | $ | 74,826 | $ | 79,751 | ||||||||||||
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Fixed charges and preferred stock dividends | ||||||||||||||||||||||||
Interest expensed | $ | 42 | $ | 116 | $ | 23 | $ | 75 | $ | 753 | $ | 2,475 | ||||||||||||
Estimate of interest within rental expense | 1,826 | 1,794 | 1,918 | 1,693 | 1,682 | 1,356 | ||||||||||||||||||
Preferred stock dividend requirement | — | — | — | — | — | 7,798 | ||||||||||||||||||
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Total fixed charges and preferred stock dividends | $ | 1,868 | $ | 1,910 | $ | 1,941 | $ | 1,768 | $ | 2,435 | $ | 11,629 | ||||||||||||
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Ratio of earnings to fixed charges and preferred stock dividends | 34.87 | 46.27 | 56.07 | 46.83 | 30.73 | 6.86 | ||||||||||||||||||
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