EX-12.1 2 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

 
     June 30, 2000
Restated


    June 30, 2001
Restated


    June 30, 2002
Restated


   June 30, 2003
Restated


   June 30,
2004


 

Fixed Charges as Defined:

                            

Deferred Finance Charges

   423     524     1,205    1,777    2,221  

Interest Expense

   21,325     27,160     19,183    20,838    31,598  

Rent

   100     176     209    220    176  
    

 

 
  
  

Total Fixed Charges (A)

   21,848     27,860     20,597    22,835    33,995  

Earnings as Defined:

                            

Pretax Income

   (2,608 )   (2,487 )   4,584    6,304    (7,268 )

Add Fixed Charges

   21,848     27,860     20,597    22,835    33,995  
    

 

 
  
  

Earnings and Fixed Charges (B)

   19,240     25,373     25,181    29,139    26,727  

Ratio of earnings to fixed charges (B/A)

               1.22    1.28       

Insufficient to cover fixed charges (B-A)

   (2,608 )   (2,487 )             (7,268 )

 

MONITRONICS INTERNATIONAL, INC.

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

INCLUDING DIVIDENDS PAYABLE

(DOLLARS IN THOUSANDS)

 

     Fiscal Year Ended

 
     June 30, 2000
Restated


    June 30, 2001
Restated


    June 30, 2002
Restated


    June 30, 2003
Restated


    June 30,
2004


 

Fixed Charges as Defined:

                              

Deferred Finance Charges

   423     524     1,205     1,777     2,221  

Interest Expense

   21,325     27,160     19,183     20,838     31,598  

Dividends Payable

   2,940     4,603     24,689     30,940     21,018  

Amort of accretion

   102     114     193     214     217  

Rent

   100     176     209     220     176  
    

 

 

 

 

Total Fixed Charges (A)

   24,890     32,577     45,479     53,989     55,230  

Earnings as Defined:

                              

Pretax Income

   (2,608 )   (2,487 )   4,584     6,303     (7,268 )

Add fixed charges less dividends payable

   21,848     27,860     20,597     22,835     33,995  
    

 

 

 

 

Adj Earnings

   19,240     25,373     25,181     29,138     26,727  

Total Fixed Charges (B)

   24,890     32,577     45,479     53,989     55,230  

Ratio of earnings to fixed charges (B/A)

                              

Insufficient to cover fixed charges (B-A)

   (5,650 )   (7,204 )   (20,298 )   (24,851 )   (28,503 )