EXHIBIT 12
Benchmark Electronics, Inc.
Ratio of Earnings to Fixed Charges
(Dollars in thousands)
|
|
|
2006 |
|
2005 |
|
2004 |
|
2003 |
|
2002 |
|
|
|
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before income taxes |
|
$ |
131,757 |
|
105,814 |
|
94,153 |
|
83,010 |
|
54,966 |
|
|
Fixed charges |
|
3,456 |
|
3,965 |
|
5,286 |
|
10,966 |
|
14,960 |
|
|
|
Income before income taxes and fixed charges |
|
$ |
135,213 |
|
109,779 |
|
99,439 |
|
93,976 |
|
69,926 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of debt issuance costs |
|
$ |
137 |
|
131 |
|
967 |
|
1,483 |
|
1,628 |
|
|
Interest expense |
|
217 |
|
199 |
|
738 |
|
6,231 |
|
9,757 |
|
|
|
Interest component of rental expense |
|
3,102 |
|
3,635 |
|
3,581 |
|
3,252 |
|
3,575 |
|
|
|
Total fixed charges |
|
$ |
3,456 |
|
3,965 |
|
5,286 |
|
10,966 |
|
14,960 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings to fixed charges ratio |
|
39.12 |
x |
27.69 |
x |
18.81 |
x |
8.57 |
x |
4.67 |
x |
|