EX-12 4 kl01017_ex12-1.txt EXHIBIT 12.1 COMPUTATION Exhibit 12.1
VISHAY INTERTECHNOLOGY, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES ($ in thousands) Nine Months Ended September Fiscal Years Ending December 31, Earnings: 30, 2001 2000 1999 1998 1997 1996 -------- ---- ---- ---- ---- ---- Income before minority interest and income taxes $ .... 76,829 $ 690,225 $ 134,711 $ 42,646 $ 89,561 $ 70,846 Fixed charges ......................................... 17,398 33,792 61,290 57,384 22,331 20,979 Less equity in net income of affiliate ................ 0 (2,573) 2,195 1,084 1,090 318 Earnings, as adjusted ................................. $ 94,227 $ 721,444 $ 193,806 $ 98,946 $ 110,802 $ 91,507 ========= ========= ========= ========= ========= ========= Fixed Charges: Interest Expense ...................................... $ 10,564 $ 25,177 $ 53,296 $ 49,038 $ 18,819 $ 17,408 Portion of rent expense representative of interest .............................................. 5,357 7,143 7,130 7,901 3,138 3,226 Amortization of deferred issue costs .................. 1,477 1,472 864 445 374 345 Total fixed charges ................................... $ 17,398 $ 33,792 $ 61,290 $ 57,384 $ 22,331 $ 20,979 ========= ========= ========= ========= ========= ========= Ratio of earnings to fixed charges............. 5.42 21.35 3.16 1.72 4.96 4.36 ========= ========= ========= ======== ======== ========