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Previous: VITESSE SEMICONDUCTOR CORP, S-3/A, EX-5.1, 2000-09-05 |
Next: VITESSE SEMICONDUCTOR CORP, S-3/A, EX-23.1, 2000-09-05 |
<TABLE>
EXHIBIT 12.1
Statement of Computation of Ratio of Earnings to Fixed Charges
Actual Actual
------------------------------------------ ---------
As Pro
As Pro adjusted Forma
adjusted forma 9 months 9 months 9 months
(000's) 1995 1996 1997 1998 1999 1999 1999 6/30/00 6/30/00 6/30/00
------------------------------------------------------------------------------------------------------------------------------------
Earnings:
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Pretax Income 1,586 13,725 33,453 56,560 90,443 61,643 15,056 44,413 31,280 2,561
Fixed Charges:
Interest expense on convertible
subordinated debentures 28,800 28,800 8,467 21,600 21,600
*Interest in operating leases 215 251 247 409 490 490 490 241 241 242
Interest expense as recorded 1,304 772 161 76 187 187 197 396 396 406
------ ------ ------ ------ ------ ------ ------ ------ ------ ------
Subtotal Earnings 3,105 14,748 33,861 57,045 91,120 91,120 44,543 53,517 53,517 24,809
Fixed Charges:
Interest expense on convertible
subordinated debentures 28,800 28,800 8,467 21,600 21,600
*Interest in operating leases 215 251 247 409 490 490 490 241 241 242
Interest expense as recorded 1,304 772 161 76 187 187 197 396 396 406
------ ------ ------ ------ ------ ------ ------ ------ ------ -------
1,519 1,023 408 485 677 29,477 29,487 9,104 22,237 22,248
------ ------ ------ ------ ------ ------ ------ ----- ------ -------
2.04 14.42 82.99 117.62 134.59 3.09 1.51 5.88 2.41 1.12
------ ------ ------ ------ ------ ------ ------ ----- ------ -------
* Approximately 10% of operating lease payments assumed to be interest costs.
</TABLE>
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