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Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
EPIQ SYSTEMS, INC.
(In Thousands, except for Ratio)
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Year Ended December 31, |
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Three months ended March 31, 2012 |
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2011 |
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2010 |
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2009 |
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2008 |
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2007 |
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Earnings |
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Net income |
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$ |
2,039 |
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$ |
12,080 |
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$ |
13,929 |
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$ |
14,595 |
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$ |
13,836 |
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$ |
6,929 |
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Income tax expense |
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711 |
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8,827 |
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12,641 |
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12,266 |
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10,507 |
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4,066 |
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Fixed charges |
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3,740 |
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9,651 |
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5,335 |
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4,023 |
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3,505 |
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13,882 |
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Earnings available for fixed charges |
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6,490 |
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30,558 |
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31,905 |
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30,884 |
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27,848 |
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24,877 |
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Fixed Charges |
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Interest expense * |
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2,547 |
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5,204 |
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1,537 |
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1,160 |
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1,331 |
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10,980 |
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Amortization of deferred loan charges |
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179 |
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640 |
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393 |
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314 |
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426 |
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993 |
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Estimated interest expense in leases |
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1,014 |
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3,807 |
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3,405 |
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2,549 |
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1,748 |
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1,909 |
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Total fixed charges |
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$ |
3,740 |
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$ |
9,651 |
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$ |
5,335 |
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$ |
4,023 |
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$ |
3,505 |
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$ |
13,882 |
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Ratio of Earnings to Fixed Charges |
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1.7 |
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3.2 |
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6.0 |
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7.7 |
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7.9 |
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1.8 |
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* Interest included in fixed charges includes only interest on third party indebtedness and, accordingly, we have excluded accrued interest expense related to uncertain tax positions.
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