Exhibit 12.1
PMC-SIERRA, INC.
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Year Ended | ||||||||||||||||||||
| December 28, 2013 |
December 29, 2012 As Restated – See Note 19 |
December 31, 2011 As Restated – See Note 19 |
December 26, 2010 As Restated – See Note 19 |
December 27, 2009 As Restated – See Note 19 |
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| Earnings: |
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| Loss (income) before income taxes and before income from equity investees |
$ | (6,498 | ) | $ | (282,958 | ) | $ | 81,323 | $ | 114,196 | $ | 50,417 | ||||||||
| Fixed charges: |
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| Interest expense and amortization of debt issue costs |
$ | 162 | $ | 4,469 | $ | 6,697 | $ | 5,979 | $ | 4,828 | ||||||||||
| Rental interest factor(1) |
3,018 | 3,714 | 4,295 | 3,755 | 3,594 | |||||||||||||||
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| Total fixed charges |
$ | 3,180 | $ | 8,183 | $ | 10,992 | $ | 9,734 | $ | 8,422 | ||||||||||
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| (Loss) earnings available to cover fixed charges(2) |
$ | (3,318 | ) | $ | (274,775 | ) | $ | 92,315 | $ | 123,930 | $ | 58,839 | ||||||||
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| Ratio of earnings to fixed charges |
— | — | 8.4x | 12.7x | 7.0x | |||||||||||||||
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The ratio of earnings to fixed charges was computed by dividing earnings by fixed charges for the periods indicated. Earnings consist of income (loss) before provision for income taxes less income from equity investees plus fixed charges. Fixed charges consist of interest charges, amortization of debt issuance costs, and that portion of rental expense that the Company believes to be a reasonable approximation of the interest factor included in rental expense.
| (1) | The portion of operating lease rental expense that the Company believes to be a reasonable approximation of the interest factor is deemed to be one-third of total operating lease rental expense. |
| (2) | Earnings were inadequate to cover fixed charges by $3.3 million and $274.8 million for fiscal years ended December 28, 2013 and December 29, 2012, respectively. |