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EXHIBIT 12.1
Veeco Instruments Inc.
Ratio of Earnings to Fixed Charges
($ in thousands, except ratio data)
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NINE MONTHS
ENDED
YEAR ENDED DECEMBER 31, SEPTEMBER 30,
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1996 1997 1998 1999 2000 2001
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FIXED CHARGES:
Interest expense, including amortization
of debt issue costs $ 1,108 $1,892 $2,875 $3,002 $2,374 $1,324
Portion of rental expense deemed to
represent interest 631 855 869 1,351 1,529 1,037
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Total fixed charges $ 1,739 $2,747 $3,744 $4,353 $3,903 $2,361
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EARNINGS BEFORE FIXED CHARGES:
Income before income taxes, discontinued
operations and cumulative effect of change
in accounting principle $37,913 $38,279 $19,652 $40,404 $8,445 $41,208
Fixed charges 1,739 2,747 3,744 4,353 3,903 2,361
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Total earnings before fixed charges $39,652 $41,026 $23,396 $44,757 $12,348 $43,569
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RATIO OF EARNINGS TO FIXED CHARGES 22.802X 4.935x 6.249x 10.282x 3.164x 18.454x
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