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Exhibit 12.1
Roper Industries, Inc.
Computation of Ratio of Earnings to Fixed Charges
Year Ended
December 31, Six Months Ended
Fiscal Year Ended October 31, (1) June 30,
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1999 2000 2001 2002 2003 2003 2004
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Ratio of Earnings to Fixed Charges 8.4 5.7 5.7 5.4 4.3 4.6 4.8
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Earnings Computation:
Income from continuing
operations before income taxes $72,566 $76,386 $ 88,865 $ 96,327 $ 66,290 $37,684 $59,976
Add: Fixed Charges (2) 9,766 16,313 19,017 22,076 20,254 10,570 15,976
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Equals: Earnings as defined $82,332 $92,699 $107,882 $118,403 $ 86,544 $48,254 $75,952
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(2) Fixed Charges Computation:
Interest expense and
amortization of debt
issuance costs $ 7,254 $13,483 $ 15,917 $ 18,506 $ 16,384 $ 8,635 $13,739
Add: Estimated interest
portion of rental expense
charged to income
(one-third of rent expense) 2,512 2,830 3,100 3,570 3,870 1,935 2,237
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Equals: Fixed Charges as defined $ 9,766 $16,313 $ 19,017 $ 22,076 $ 20,254 $10,570 $15,976
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(1) On August 20, 2003, the Board of Directors of the Company approved a change
in the date of the Company's year end from October 31 to December 31.