EX-12.1
Published on February 23, 2018
Exhibit 12.1
TTM TECHNOLOGIES, INC.
Computation of Ratio of Earnings to Fixed Charges
| Year Ended | ||||||||||||||||||||
| January 1, 2018 |
January 2, 2017 |
December 28, 2015 |
December 29, 2014 |
December 30, 2013 |
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| (In thousands) | ||||||||||||||||||||
| Fixed Charges: |
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| Interest expense |
$ | 53,898 | $ | 76,008 | $ | 59,753 | $ | 23,830 | $ | 24,031 | ||||||||||
| Interest capitalized |
1,494 | 1,876 | 888 | 551 | 1,125 | |||||||||||||||
| Estimated interest within rental expense |
5,555 | 3,443 | 2,454 | 1,244 | 1,121 | |||||||||||||||
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| Total Fixed Charges |
60,947 | 81,327 | 63,095 | 25,625 | 26,277 | |||||||||||||||
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| Earnings: |
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| Net income (loss) |
124,727 | 35,575 | (25,618 | ) | 14,693 | 23,893 | ||||||||||||||
| Fixed charges per above |
60,947 | 81,327 | 63,095 | 25,625 | 26,277 | |||||||||||||||
| Income tax provision |
15,231 | 31,427 | 34,594 | 7,598 | 15,879 | |||||||||||||||
| Less: capitalized interest |
(1,494 | ) | (1,876 | ) | (888 | ) | (551 | ) | (1,125 | ) | ||||||||||
| Amortization of interest capitalized |
795 | 641 | 391 | 316 | 325 | |||||||||||||||
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| Total earnings |
200,206 | 147,094 | 71,574 | 47,681 | 65,249 | |||||||||||||||
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| Ratio of fixed charges |
3.3x | 1.8x | 1.1x | 1.9x | 2.5x | |||||||||||||||
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