Aavid Thermal Technologies, Inc.
Exhibit 12.1
NINE MONTHS ENDED
FISCAL YEAR ENDED DECEMBER 31, --------------------------
--------------------------------------------- September 26, October 2,
1994 1995 1996 1997 1998 1998 1999
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Net income 2,835 (715) (30) 8,493 8,121 5,177 9,487
Extraordinary item - - 171 - - - -
Provision for income taxes 1,677 831 2,002 4,824 4,385 2,832 5,241
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"Earnings" 4,512 116 2,143 13,317 12,506 8,009 14,728
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Fixed Charges:
Interest expense including
amortization of debt expense
and discount 1,567 2,611 1,591 2,178 1,611 1,272 899
"Fixed Charges" 1,567 2,611 1,591 2,178 1,611 1,272 899
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Earnings available for fixed charges 6,079 2,727 3,734 15,495 14,117 9,281 15,627
Ratio of earnings to fixed charges 3.9 1.0 2.3 7.1 8.8 7.3 17.4
PRO FORMA PRO FORMA PRO FORMA
YEAR ENDED NINE MONTHS ENDED NINE MONTHS ENDED
DECEMBER 31, 1998 SEPTEMBER 26, 1998 OCTOBER 2, 1999
Net income (23,302) (18,698) (18,409)
Provision for income taxes 226 219 2,569
"Earnings" (23,076) 18,479 (15,840)
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Fixed Charges:
Interest expense including amortization
of debt expense and discount 26,113 19,585 19,646
"Fixed Charges" 26,113 19,585 19,646
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Earnings available for fixed charges 3,037 1,106 3,806
Fixed charges exceed earnings by: 23,076 18,479 15,840