Exhibit 12.1
Cadence Design Systems, Inc
Ratio of earnings to fixed charges
$ in thousands
| Restated | ||||||||||||||||||||||||
| Year ended | (FY 2002) | (FY 2001) | (FY 2000) | (FY 1999) | ||||||||||||||||||||
| January 3, 2004 |
December 28, 2002 |
December 29, 2001 |
December 30, 2000 |
January 2, 2000 |
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Earnings |
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Income (loss) before income taxes |
$ | (30,565 | ) | $ | 144,020 | $ | 242,148 | $ | 67,996 | $ | (11,380 | ) | ||||||||||||
Minority interest |
| | 1,900 | 600 | 100 | |||||||||||||||||||
Earnings (losses) in equity interests |
(10,251 | ) | (8,108 | ) | 200 | 1,100 | 100 | |||||||||||||||||
Fixed charges |
12,783 | 10,570 | 11,165 | 9,798 | 11,633 | |||||||||||||||||||
Net Earnings as defined |
$ | (7,531 | ) | $ | 162,698 | $ | 251,213 | $ | 76,094 | $ | 53 | |||||||||||||
Fixed Charges |
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Total operating lease expenses |
$ | 23,343 | $ | 23,300 | $ | 25,600 | $ | 22,200 | $ | 25,000 | ||||||||||||||
Interest component of operating lease expense
(deemed to be 1/3 of op. lease expense) |
7,781 | 7,767 | 8,533 | 7,400 | 8,333 | |||||||||||||||||||
Interest expense |
5,002 | 2,803 | 2,632 | 2,398 | 3,300 | |||||||||||||||||||
Total Fixed charges |
$ | 12,783 | $ | 10,570 | $ | 11,165 | $ | 9,798 | $ | 11,633 | ||||||||||||||
Earnings to fixed charges ratio |
(0.6 | ) | 15.4 | 22.5 | 7.8 | 0.0 | ||||||||||||||||||
Earnings excess (deficiency) |
$ | (20,314 | ) | $ | 152,128 | $ | 240,048 | $ | 66,296 | $ | (11,580 | ) | ||||||||||||