Exhibit 12.1
QUANTUM CORPORATION
EXHIBIT 12.1
STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
| For the year ended March 31, | ||||||||||||||||||||
| (In thousands) |
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||
| Loss from continuing operations before income taxes |
$ | (60,716 | ) | $ | (59,156 | ) | $ | (40,081 | ) | $ | (12,135 | ) | $ | (30,957 | ) | |||||
| Add fixed charges |
64,337 | 46,545 | 15,789 | 16,907 | 23,709 | |||||||||||||||
| Earnings (as defined) |
$ | 3,621 | $ | (12,611 | ) | $ | (24,292 | ) | $ | (4,772 | ) | $ | (7,248 | ) | ||||||
| Fixed charges: |
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| Interest expense |
$ | 58,627 | $ | 40,748 | $ | 9,976 | $ | 11,212 | $ | 17,617 | ||||||||||
| Amortization of debt issuance costs |
(i | ) | (i | ) | (i | ) | (i | ) | (i | ) | ||||||||||
| Estimated interest component of rent expenses |
5,710 | 5,797 | 5,813 | 5,695 | 6,092 | |||||||||||||||
| Total fixed charges |
$ | 64,337 | $ | 46,545 | $ | 15,789 | $ | 16,907 | $ | 23,709 | ||||||||||
| Ratio of earnings to fixed charges |
(ii | ) | (ii | ) | (ii | ) | (ii | ) | (ii | ) | ||||||||||
| (i) | In all years presented, the amortization of debt issuance costs is included in interest expense. |
| (ii) | Earnings, as defined, were insufficient to cover fixed charges by $60.7 million, $59.2 million, $40.1 million, $12.1 million, and $31.0 million, for fiscal 2008, 2007, 2006, 2005, and 2004, respectively. |