EX-12.1
Published on February 24, 2017
Exhibit 12.1
TTM TECHNOLOGIES, INC.
Computation of Ratio of Earnings to Fixed Charges
| Year Ended | ||||||||||||||||||||
| January 2, 2017 |
December 28, 2015 |
December 29, 2014 |
December 30, 2013 |
December 31, 2012 |
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| (In thousands) | ||||||||||||||||||||
| Fixed Charges: |
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| Interest expense |
$ | 76,008 | $ | 59,753 | $ | 23,830 | $ | 24,031 | $ | 25,784 | ||||||||||
| Interest capitalized |
1,876 | 888 | 551 | 1,125 | 1,774 | |||||||||||||||
| Estimated interest within rental expense |
3,443 | 2,454 | 1,244 | 1,121 | 1,034 | |||||||||||||||
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| Total Fixed Charges |
81,327 | 63,095 | 25,625 | 26,277 | 28,592 | |||||||||||||||
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| Earnings: |
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| Net income (loss) |
35,575 | (25,618 | ) | 14,693 | 23,893 | (181,100 | ) | |||||||||||||
| Fixed charges per above |
81,327 | 63,095 | 25,625 | 26,277 | 28,592 | |||||||||||||||
| Income tax provision |
31,427 | 34,594 | 7,598 | 15,879 | 12,728 | |||||||||||||||
| Less: capitalized interest |
(1,876 | ) | (888 | ) | (551 | ) | (1,125 | ) | (1,774 | ) | ||||||||||
| Amortization of interest capitalized |
641 | 391 | 316 | 325 | 278 | |||||||||||||||
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| Total earnings |
147,094 | 71,574 | 47,681 | 65,249 | (141,276 | ) | ||||||||||||||
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| Ratio of fixed charges |
1.8x | 1.1x | 1.9x | 2.5x | n/a | (1) | ||||||||||||||
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| (1) | Earnings were not sufficient to cover fixed charges for period indicated. Additional earnings of $169,868 for the year ended December 31, 2012 would have been required to achieve a ratio of 1: 1. |