Exhibit 12.1
Masimo Corporation
Ratio of Earnings to Fixed Charges
(dollars in thousands)



 
 
Fiscal Year Ended
 
 
December 28,
2013
 
December 29,
2012
 
December 31,
2011
 
January 1,
2011
 
January 2,
2010
Ratio of earnings to fixed charges:
 
 
 
 
 
 
 
 
 
Income before provision for income taxes
$
75,726

 
$
83,821

 
$
86,531

 
$
107,569

 
$
82,180

Fixed charges
2,705

 
2,514

 
1,910

 
1,941

 
1,768

Noncontrolling interests in pre-tax (income) loss
607

 
744

 
(58
)
 
(676
)
 
(1,159
)
Total earnings
$
79,038

 
$
87,079

 
$
88,383

 
$
108,834

 
$
82,789

Fixed charges
 
 
 
 
 
 
 
 
 
 
Interest expensed
$
28

 
44

 
$
116

 
$
23

 
$
75

 
Estimated of interest within rental expense
2,677

 
2,470

 
1,794

 
$
1,918

 
1,693

Total fixed charges
$
2,705

 
$
2,514

 
$
1,910

 
$
1,941

 
$
1,768

Ratio of earnings to fixed charges
29.22

 
34.64

 
46.27

 
56.07

 
46.83

In the periods presented, there were no shares of preferred stock outstanding and no dividends paid on preferred stock. Therefore, the ratios of earnings to fixed charges and preferred stock dividends are not different from the ratios of earnings to fixed charges.