Exhibit 12.1
MERCURY COMPUTER SYSTEMS, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
Year Ended June 30, 2004 | Year Ended June 30, 2005 | Year Ended June 30, 2006 | Year Ended June 30, 2007 | Year Ended June 30, 2008 | Six Months Ended December 31, 2008 | |||||||||||||||||
Income (loss) from continuing operations, before income taxes | $ | 32,233 | $ | 43,123 | $ | (18,360 | ) | $ | (37,182 | ) | $ | (32,975 | ) | $ | (18,112 | ) | ||||||
Fixed charges: | ||||||||||||||||||||||
Interest expense | 1,304 | 3,448 | 3,262 | 3,395 | 2,517 | 1,367 | ||||||||||||||||
Portion of rental expense representative of interest factor | 366 | 593 | 766 | 964 | 1,459 | 660 | ||||||||||||||||
Amortization of deferred financing fees | 137 | 718 | 840 | 846 | 846 | 423 | ||||||||||||||||
Total fixed charges | $ | 1,807 | $ | 4,759 | $ | 4,868 | $ | 5,205 | $ | 4,822 | $ | 2,450 | ||||||||||
Income (loss) from continuing operations, before income taxes plus fixed charges | $ | 34,040 | $ | 47,882 | $ | (13,492 | ) | $ | (31,977 | ) | $ | (28,153 | ) | $ | (15,662 | ) | ||||||
Ratio of earnings to fixed charges (A) | 18.8 | 10.1 | (2.8 | ) | (6.1 | ) | (5.8 | ) | (6.4 | ) | ||||||||||||
Coverage deficiency | $ | — | $ | — | $ | 18,360 | $ | 37,182 | $ | 32,975 | $ | 18,112 | ||||||||||
(A) | The ratio of earnings to fixed charges is calculated by dividing (a) earnings before income taxes and fixed charges by (b) fixed charges. Fixed charges include interest expense (including an estimate of the interest within rental expense) and amortization of deferred financing fees. |