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EXHIBIT 12.1
MSX INTERNATIONAL, INC. AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
PREDECESSOR FISCAL FISCAL FISCAL FISCAL
YEAR YEAR YEAR YEAR YEAR
ENDED ENDED ENDED ENDED ENDED
DECEMBER 31, DECEMBER 28, JANUARY 3, JANUARY 2, DECEMBER 31,
1996 1997 1999 2000 2000
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Earnings before income taxes and
fixed charges:
Income from continuing operations
before income taxes $ 6,620 $ (2,748) $ 5,839 $ 17,189 $ 26,997
Add interest on indebtedness, net 1,310 12,400 16,906 20,446 29,040
Add amortization of debt expense - - 510 695 1,079
Add estimated interest factor
for rentals 1,800 5,867 7,442 8,598 9,966
------------ -------------- ------------- ------------ -----------
Earnings before income taxes and
fixed charges $ 9,730 $ 15,519 $ 30,697 $ 46,928 $ 67,082
------------ -------------- ------------- ------------ -----------
Fixed charges:
Interest on indebtedness $ 1,310 $ 12,400 $ 16,906 $ 20,446 $ 29,040
Amortization of debt expense - - 510 695 1,079
Estimated interest factor for rentals 1,800 5,867 7,442 8,598 9,966
------------ -------------- ------------- ------------ -----------
$ 3,110 $ 18,267 $ 24,858 $ 29,739 $ 40,085
------------ -------------- ------------- ------------ -----------
Ratio of earnings to fixed charges 3.1 (a) 1.2 1.6 1.7
(a) Earnings were insufficient to cover fixed charges by $2.7 million for
the fiscal year ended December 28, 1997.