EX-12.1 3 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

 

MONITRONICS INTERNATIONAL, INC.

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

(DOLLARS IN THOUSANDS)

 

     Fiscal Year Ended

   Nine Months Ended  
    

June 30, 1999

Restated


  

June 30, 2000

Restated


   

June 30, 2001

Restated


   

June 30, 2002

Restated


   June 30, 2003

  

March 31, 2003

(Restated)


  

March 31, 2004


 

Fixed Charges as Defined:

                                      

Deferred Finance Charges

   301    423     524     1,205    1,777    1,333    1,705  

Interest Expense

   11,192    21,325     27,160     19,183    20,838    15,653    23,181  

Rent

   67    100     176     209    220    156    132  
    
  

 

 
  
  
  

Total Fixed Charges (A)

   11,560    21,848     27,860     20,597    22,835    17,142    25,018  

Earnings as Defined:

                                      

Pretax Income

   989    (2,608 )   (2,487 )   4,584    6,303    3,950    (7,441 )

Add Fixed Charges

   11,560    21,848     27,860     20,597    22,835    17,142    25,018  
    
  

 

 
  
  
  

Earnings and Fixed Charges (B)

   12,549    19,240     25,373     25,181    29,138    21,092    17,577  

Ratio of Earnings to Fixed Charges
(B/A)

   1.09                1.22    1.28    1.23       

Insufficient to cover Fixed Charges 
(B-A)   

        (2,608 )   (2,487 )                  (7,441 )

 

MONITRONICS INTERNATIONAL, INC.

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

INCLUDING DIVIDENDS PAYABLE

(DOLLARS IN THOUSANDS)

 

     Fiscal Year Ended

    Nine Months Ended  
    

June 30, 1999

Restated


   

June 30, 2000

Restated


   

June 30, 2001

Restated


   

June 30, 2002

Restated


    June 30, 2003

   

March 31, 2003

(Restated)


   

March 31, 2004


 

Fixed Charges as Defined:

                                          

Deferred Finance Charges

   301     423     524     1,205     1,777     1,333     1,705  

Interest Expense

   11,192     21,325     27,160     19,183     20,838     15,653     23,181  

Dividends Payable

   2,301     2,940     4,603     24,689     30,940     22,097     15,426  

Amortization of accretion

   31     102     114     193     214     161     163  

Rent

   67     100     176     209     220     156     132  
    

 

 

 

 

 

 

Total Fixed Charges (A)

   13,892     24,890     32,577     45,479     53,989     39,400     40,607  

Earnings as Defined:

                                          

Pretax Income

   989     (2,608 )   (2,487 )   4,584     6,303     3,950     (7,441 )

Add Fixed Charges—less dividends payable

   11,560     21,848     27,860     20,597     22,835     17,142     25,018  
    

 

 

 

 

 

 

Earnings and Fixed Charges (B)

   12,549     19,240     25,373     25,181     29,138     21,092     17,577  

Total Fixed Charges

   13,892     24,890     32,577     45,479     53,989     39,400     40,607  

Ratio of Earnings to Fixed Charges
(B/A)

                                          

Insufficient to cover Fixed Charges
(B-A)

   (1,343 )   (5,650 )   (7,204 )   (20,298 )   (24,851 )   (18,308 )   (23,030 )

 

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