EXHIBIT 12
Benchmark Electronics, Inc.
Ratio of Earnings to Fixed Charges
(Dollars in thousands)
|
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|
2004 |
|
2003 |
|
2002 |
|
2001 |
|
2000 |
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Earnings: |
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Income (loss) before income taxes |
|
$ |
94,153 |
|
83,010 |
|
54,966 |
|
(58,293 |
) |
28,430 |
|
|
|
Fixed charges |
|
5,286 |
|
10,966 |
|
14,960 |
|
20,667 |
|
28,304 |
|
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|
Income (loss) before income taxes and fixed charges |
|
$ |
99,439 |
|
93,976 |
|
69,926 |
|
(37,626 |
) |
56,734 |
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Fixed Charges: |
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Amortization of debt issuance costs |
|
$ |
967 |
|
1,483 |
|
1,628 |
|
1,640 |
|
1,609 |
|
|
|
Interest expense |
|
738 |
|
6,231 |
|
9,757 |
|
15,358 |
|
22,787 |
|
||
|
Interest component of rental expense |
|
3,581 |
|
3,252 |
|
3,575 |
|
3,669 |
|
3,908 |
|
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|
Total fixed charges |
|
$ |
5,286 |
|
10,966 |
|
14,960 |
|
20,667 |
|
28,304 |
|
|
|
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Earnings to fixed charges ratio |
|
18.81 |
x |
8.57 |
x |
4.67 |
x |
— |
|
2.00 |
x |
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Deficiency |
|
n/a |
|
n/a |
|
n/a |
|
$ |
58,293 |
|
n/a |
|
|