EX-12 5 dex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of ratio of earnings to fixed charges

EXHIBIT 12

 

HEALTHTRONICS, INC. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

FOR THE YEARS ENDED DECEMBER 31, 2004, 2003, 2002, 2001 and 2000

 

     Years Ended December 31,
  
($ in thousands)    2004
    2003
    2002
    2001
     2000
  

Income (loss) before income taxes and after minority interests

    $ 1,248    $ 8,890    $ 795    $ (22,979 )   $ 17,383  

Undistributed equity income

      —        —        —        (271 )     (274 )

Minority interest income of subsidiaries with fixed charges

      15,989      10,996      8,910      9,350       11,684  
    
  
  
  
 

Adjusted earnings

      17,237      19,886      9,705      (13,900 )     28,793  
    
  
  
  
 

Interest on debt

      9,778      8,991      9,697      10,983       10,563  

Debt issuance costs

      —        257      1,069      163       173  
    
  
  
  
 

Total fixed charges

      9,778      9,248      10,766      11,146       10,736  
    
  
  
  
 

Total available earnings before fixed charges

    $ 27,015    $ 29,134    $ 20,471    $ (2,754 )   $ 39,529  
    
  
  
  
 

Ratio

      2.8      3.2      1.9      (0.2 )     3.7