EXHIBIT 12
BENCHMARK ELECTRONICS, INC.
RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN THOUSANDS)
DECEMBER 31,
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1999 1998 1997 1996 1995
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EARNINGS
Income before income taxes and extraordinary item $ 20,276 $ 26,890 $ 23,952 $ 14,483 $ 9,531
Fixed charges .................................... 11,637 5,346 2,983 1,774 71
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Income before income taxes, extraordinary item and
fixed charges ................................ 31,913 32,236 26,935 16,257 9,602
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FIXED CHARGES
Debt issuance costs .............................. 570 122 60 25 --
Interest expense ................................. 9,696 4,393 2,472 1,442 --
Interest component of rental expense ............. 1,371 831 452 307 71
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Total fixed charges .............................. 11,637 5,346 2,984 1,774 71
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Earnings to fixed charges ratio:
Actual ...................................... 2.74 x 6.03 x 9.03 x 9.16 x 134.75 x(1)
(1) Differences in calculated amount due to rounding.