EX-12.1 3 d24870dex121.htm EX-12.1

EX-12.1

Exhibit 12.1

RATIO OF EARNINGS TO FIXED CHARGES:

																		Nine Months Ended December 31,
		Fiscal Year Ended December 31,
(In thousands, except per share data)		2015				2014				2013				2012				2011
Income (loss) before taxes		$	13,423			$	11,138			$	23,014			$	11,271			$	(1,597	)
Add: Fixed charges			687				734				659				603				160
Total earnings		$	14,110			$	11,872			$	23,673			$	11,874			$	(1,437	)
Fixed charges:
Interest Expense		$	32			$	50			$	50			$	57			$	28
Estimate of Interest in Rental Expense(1)			655				684				609				546				132
Total fixed charges		$	687			$	734			$	659			$	603			$	160
Ratio of earnings to fixed charges			20.5				16.2				35.9				19.7				(9.0	)
																			*	*

(1) We estimate that the interest component of rent expense approximates one-fourth of our total rent expense.

** Earnings for the nine months ended December 31, 2011 were insufficient to cover fixed charges by $1,597,000.