EX-12.1 4 d193143dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Integra LifeSciences Holdings Corporation

Ratio of Earnings to Fixed Charges

(in thousands, except ratios)

 

     Nine Months
Ended
September 30,
2016
     Years Ended December 31,  
        2015      2014      2013      2012      2011  

Earnings from continuing operation before taxes

     54,250         60,671         45,566         18,786         64,231         33,541   

Fixed charges excluding capitalized interest

     21,745         26,615         24,825         22,614         25,012         30,191   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Earnings before income taxes and fixed charges

     75,995         87,286         70,391         41,400         89,243         63,732   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Fixed Charges

                 

Interest Expense

     19,255         23,517         21,967         19,725         22,237         27,628   

Capitalized Interest

     695         1,711         2,600         3,163         3,833         1,400   

Rental Factor

     2,490         3,098         2,858         2,889         2,775         2,563   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total Fixed Charges

     22,440         28,326         27,425         25,777         28,845         31,591   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Ratio of Earnings to Fixed Charges(1)

     3.4x         3.1x         2.6x         1.6x         3.1x         2.0x   

 

(1) The ratios of earnings to fixed charges have been computed on a consolidated basis by dividing earnings from continuing operations before income taxes and fixed charges by fixed charges. Fixed charges consist of interest on debt and a factor for interest included in rent expense. Income from continuing operations before income taxes has the meaning as set forth in our Consolidated Statement of Operation included in our report on Form 10-K for the year ended December 31, 2015 and Form 10-Q for the nine months ended September 30, 2016.