EX-12.1 2 prgs1am380806ex12.txt STATEMENT RE: COMPUTATION OF RATIOS Exhibit 12.1
PRG-Schultz International, Inc. Statement Re: Computation of Ratios Six Months Ended Years ended December 31, June 30, 2001 2002 2003 2004 2005 2006 ------------- ----------- ------------ ----------- ----------- ------------ Fixed Charges: Interest expense (including amortization related to indebtedness) 9,403 9,934 9,520 9,142 8,936 6,812 Loss on financial restructuring 10,129 Estimated portion of rent expense representative of interest 1,170 2,010 1,925 1,680 1,720 797 Dividends on mandatorily redeemable 370 preferred stock --------------------------------------------------------------------------- FIXED CHARGES 10,573 11,944 11,445 10,822 10,656 18,108 --------------------------------------------------------------------------- Earnings: Earnings (loss) from continuing operations before income taxes and discontinued operations 4,246 40,747 (197,853) 629 (204,694) (12,214) Add back : Fixed charges 10,573 11,944 11,445 10,822 10,656 18,108 Less: Dividends on mandatorily redeemable preferred stock (370) --------------------------------------------------------------------------- EARNINGS 14,819 52,691 (186,408) 11,451 (194,038) 5,524 --------------------------------------------------------------------------- RATIO (EARNINGS / FIXED CHARGES) 1.4 4.4 (16.3) 1.1 (18.2) 0.3 DEFICIENCY (if less than 1.0) (197,853) (204,694) (12,584)