Exhibit 12.1
Masimo Corporation
Ratio of Earnings to Fixed Charges
(dollars in thousands)
| Nine months ended September 29, 2012 |
Fiscal Year Ended | |||||||||||||||||||||||
| December 31, 2011 |
January 1, 2011 |
January 2, 2010 |
January 3, 2009 |
December 29, 2007 |
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| Ratio of earnings to fixed charges: |
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| Income before provision for income taxes |
$ | 62,821 | $ | 86,531 | $ | 107,569 | $ | 82,180 | $ | 72,391 | $ | 68,122 | ||||||||||||
| Fixed charges |
1,868 | 1,910 | 1,941 | 1,768 | 2,435 | 3,831 | ||||||||||||||||||
| Noncontrolling interests’ pre-tax (income) loss |
442 | (58 | ) | (676 | ) | (1,159 | ) | — | — | |||||||||||||||
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| Total earnings |
$ | 65,131 | $ | 88,383 | $ | 108,834 | $ | 82,789 | $ | 74,826 | $ | 71,953 | ||||||||||||
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| Fixed charges |
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| Interest expensed |
$ | 42 | $ | 116 | $ | 23 | $ | 75 | $ | 753 | $ | 2,475 | ||||||||||||
| Estimate of interest within rental expense |
1,826 | 1,794 | 1,918 | 1,693 | 1,682 | 1,356 | ||||||||||||||||||
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| Total fixed charges |
$ | 1,868 | $ | 1,910 | $ | 1,941 | $ | 1,768 | $ | 2,435 | $ | 3,831 | ||||||||||||
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| Ratio of earnings to fixed charges |
34.87 | 46.27 | 56.07 | 46.83 | 30.73 | 18.78 | ||||||||||||||||||
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| Ratio of earnings to fixed charges and preferred stock dividends: |
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| Income before provision for income taxes |
$ | 62,821 | $ | 86,531 | $ | 107,569 | $ | 82,180 | $ | 72,391 | $ | 68,122 | ||||||||||||
| Fixed charges and preferred stock dividends |
1,868 | 1,910 | 1,941 | 1,768 | 2,435 | 11,629 | ||||||||||||||||||
| Noncontrolling interests’ pre-tax (income) loss |
442 | (58 | ) | (676 | ) | (1,159 | ) | — | — | |||||||||||||||
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| Total earnings |
$ | 65,131 | $ | 88,383 | $ | 108,834 | $ | 82,789 | $ | 74,826 | $ | 79,751 | ||||||||||||
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| Fixed charges and preferred stock dividends |
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| Interest expensed |
$ | 42 | $ | 116 | $ | 23 | $ | 75 | $ | 753 | $ | 2,475 | ||||||||||||
| Estimate of interest within rental expense |
1,826 | 1,794 | 1,918 | 1,693 | 1,682 | 1,356 | ||||||||||||||||||
| Preferred stock dividend requirement |
— | — | — | — | — | 7,798 | ||||||||||||||||||
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| Total fixed charges and preferred stock dividends |
$ | 1,868 | $ | 1,910 | $ | 1,941 | $ | 1,768 | $ | 2,435 | $ | 11,629 | ||||||||||||
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| Ratio of earnings to fixed charges and preferred stock dividends |
34.87 | 46.27 | 56.07 | 46.83 | 30.73 | 6.86 | ||||||||||||||||||
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