EX-12.1 5 xerium3172711-ex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges

Ratio of Earnings to Fixed Charges

FY FY FY FY FY YTD 9/30
  2011 2012 2013 2014 2015 2016
Income before provision for Income Taxes      21,795      (21,840)      11,639      22,698      9,473      3,620
and Loss/Gain on Debt Extinguishment (A)
 
 
Fixed Charges
 
Interest 36,845 35,573 37,718 33,465 34,951 30,981
 
Amortization of Finance Fees/Discounts 2,305 2,305 2,963 3,303 3,462 2,234
 
Capital Lease Imputed Interest - - - 387 405 751
 
Total Fixed Charges 39,150 37,878 40,681 37,155 38,818 33,966
 
Total Earnings (PBT + Fixed Charges) 60,945 16,038 52,320 59,853 48,291 37,586
 
Ratio of Earnings to Fixed Charges 1.56 0.42 1.29 1.61 1.24 1.11

(A) Earnings excludes gains/(losses) on debt extinguishment of (11.6) million, (0.4) million, 0.0 million, 0.2 million, and (2.9) million for the 9 months ended September 30, 2016 and each of the years ended 2015, 2014, 2013, 2012, and 2011, respectively.