Exhibit 12.1
THE GSI GROUP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
(Dollars in Thousands)
| Year ended December 31, |
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| 2000 Restated |
2001 Restated |
2002 Restated |
2003 Restated |
2004 Restated |
Nine months ended September 30, 2005(1) |
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| Income (loss) from continuing Operations before tax |
$ | 1,823 | $ | (2,504 | ) | $ | (10,574 | ) | $ | (5,338 | ) | $ | 4,558 | 8,883 | |||||||||
| Add fixed charges: |
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| Interest expense on borrowings and Amortization of deferred financing costs |
14,997 | 14,397 | 13,011 | 13,215 | 14,104 | 10,918 | |||||||||||||||||
| Interest portion of rent expense |
707 | 656 | 386 | 326 | 278 | 177 | |||||||||||||||||
| Fixed charges |
15,704 | 15,053 | 13,396 | 13,541 | 14,382 | 11,095 | |||||||||||||||||
| Adjusted earnings |
17,527 | 12,549 | 2,822 | 8,203 | 18,940 | 19,978 | |||||||||||||||||
| Ratio of earnings to fixed Charges |
1.12 | x | 0.83 | x | 0.21 | x | 0.61 | x | 1.32 | x | 1.80 | x | |||||||||||
| (1) | Predecessor and successor combined. |