Exhibit 12.1
TRIMBLE NAVIGATION LIMITED
RATIO OF EARNINGS TO FIXED CHARGES
| Six Months Ended | Year Ended | |||||||||||||||||||||||
| (In thousands, except ratios) | July 4 2014 |
January 3 2014 |
December 28 2012 |
December 30 2011 |
December 31 2010 |
January 1 2010 |
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| Earnings: |
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| Pre-tax income from continuing operations before adjustment for income or loss from equity investees |
$ | 178,555 | $ | 232,184 | $ | 204,697 | $ | 152,105 | $ | 129,292 | $ | 86,891 | ||||||||||||
| Distributed income of equity investees |
22,463 | 7,672 | 13,178 | 12,398 | 5,858 | 2,896 | ||||||||||||||||||
| Fixed charges |
9,749 | 23,496 | 21,715 | 11,552 | 4,445 | 4,320 | ||||||||||||||||||
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| Total earnings |
$ | 210,767 | $ | 263,352 | $ | 239,590 | $ | 176,055 | $ | 139,595 | $ | 94,107 | ||||||||||||
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| Fixed charges: |
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| Interest expense |
$ | 6,572 | $ | 17,356 | $ | 16,381 | $ | 7,284 | $ | 1,526 | $ | 1,586 | ||||||||||||
| Amortization of debt issuance costs |
815 | 1,630 | 1,383 | 980 | 226 | 226 | ||||||||||||||||||
| Interest component of rental expense |
2,362 | 4,510 | 3,951 | 3,288 | 2,693 | 2,508 | ||||||||||||||||||
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| Total fixed charges |
$ | 9,749 | $ | 23,496 | $ | 21,715 | $ | 11,552 | $ | 4,445 | $ | 4,320 | ||||||||||||
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| Ratio of earnings to fixed charges |
21.6x | 11.2x | 11.0x | 15.2x | 31.4x | 21.8x | ||||||||||||||||||
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