EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - FAIR ISAAC AND COMPANY, INC.
NINE MONTHS ENDED
YEAR ENDED DECEMBER 31, JUNE 30,
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1997 1998 1999 2000 2001 2002
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Earnings:
Income (loss) Before Taxes 35,546 42,105 50,600 47,070 76,853 68,708
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Fixed Charges:
Interest Expense 144 803 184 75 122 15
Rent Expense (x 33.33%) 2,138 2,766 3,054 3,045 3,420 2,758
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TOTAL FIXED CHARGES 2,282 3,569 3,238 3,120 3,542 2,773
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PRE-TAX INCOME (LOSS) ADJUSTED FOR MINORITY INTEREST
PLUS TOTAL FIXED CHARGES 37,828 45,674 53,838 50,190 80,395 71,481
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Ratio of Earnings to Fixed Charges(1) 16.58 12.80 16.63 16.09 22.70 25.78
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(1) The ratio of earnings to fixed charges has been computed by dividing
earnings available for fixed charges (earnings before income taxes plus
fixed charges) by fixed charges (interest expense plus portion of rental
expense that represents interest).
EXHIBIT 12.1 (cont.)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - HNC SOFTWARE INC.
SIX MONTHS ENDED
YEAR ENDED DECEMBER 31, JUNE 30,
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1997 1998 1999 2000 2001 2002
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Earnings:
Income (loss) Before Taxes 24,919 23,210 (5,736) (149,520) (42,724) (7,480)
Adjust - Minority Interest 43 126 (722) (7,582) -- --
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PRE-TAX INCOME (LOSS) ADJUSTED FOR MINORITY INTEREST 24,962 23,336 (6,458) (157,102) (42,724) (7,480)
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Fixed Charges:
Interest Expense 81 4,460 5,747 4,231 3,167 4,354
Rent Expense (x 33.33%) 898 1,230 2,057 3,025 2,411 1,324
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TOTAL FIXED CHARGES 979 5,690 7,804 7,256 5,578 5,678
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PRE-TAX INCOME (LOSS) ADJUSTED FOR MINORITY INTEREST
PLUS TOTAL FIXED CHARGES 25,941 29,026 1,346 (149,846) (37,146) (1,802)
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Ratio of Earnings to Fixed Charges(1) 26.50 5.10 (A) (B) (C) (D)
(1) The ratio of earnings to fixed charges has been computed by dividing
earnings available for fixed charges (earnings before income taxes and
adjustment for minority interest in consolidated subsidiaries plus fixed
charges) by fixed charges (interest expense plus portion of rental expense
that represents interest).
(A) Earnings were inadequate to cover fixed charges by $6,458.
(B) Earnings were inadequate to cover fixed charges by $157,102.
(C) Earnings were inadequate to cover fixed charges by $42,724.
(D) Earnings were inadequate to cover fixed charges by $7,480.