EXHIBIT 12
Benchmark Electronics, Inc.
Ratio of Earnings to Fixed Charges
(Dollars in thousands)
| |
2003 |
2002 |
2001 |
2000 |
1999 |
|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings: | ||||||||||||
Income (loss) before income taxes and extraordinary item |
$ |
83,010 |
54,966 |
(58,293 |
) |
28,430 |
20,276 |
|||||
| Fixed charges | 10,966 | 14,960 | 20,667 | 28,304 | 11,637 | |||||||
| Income (loss) before income taxes, extraordinary item and fixed charges | 93,976 | 69,926 | (37,626 | ) | 56,734 | 31,913 | ||||||
Fixed Charges: |
||||||||||||
Amortization of debt issuance costs |
1,483 |
1,628 |
1,640 |
1,609 |
570 |
|||||||
| Interest expense | 6,231 | 9,757 | 15,358 | 22,787 | 9,696 | |||||||
| Interest component of rental expense | 3,252 | 3,575 | 3,669 | 3,908 | 1,371 | |||||||
| Total fixed charges | $ | 10,966 | 14,960 | 20,667 | 28,304 | 11,637 | ||||||
Earnings to fixed charges ratio |
8.57x |
4.67x |
— |
2.00x |
2.74x |
|||||||
| Deficiency | n/a | n/a | $ | 58,293 | n/a | n/a | ||||||