EX-12.1 5 djo-ex121_11.htm EX-12.1 djo-ex121_11.htm

Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges

(in thousands)

 

 

 

2017

 

 

2016

 

 

2015

 

 

2014

 

 

2013

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from continuing operations before income

   taxes and noncontrolling interests

 

$

(96,124

)

 

$

(293,671

)

 

$

(170,251

)

 

$

(116,024

)

 

$

(172,010

)

Plus: Fixed charges

 

 

180,712

 

 

 

176,199

 

 

 

178,083

 

 

 

180,061

 

 

 

183,309

 

Less: Interest expense capitalized

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Less: Noncontrolling interests

 

 

(799

)

 

 

(623

)

 

 

(840

)

 

 

(972

)

 

 

(890

)

Earnings (loss) from continuing operations, adjusted

 

$

83,789

 

 

$

(118,095

)

 

$

6,992

 

 

$

63,065

 

 

$

10,409

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expensed and capitalized

 

$

174,454

 

 

$

170,261

 

 

$

172,373

 

 

$

174,482

 

 

$

177,733

 

Estimated interest within rental expense

 

 

6,258

 

 

 

5,938

 

 

 

5,710

 

 

 

5,579

 

 

 

5,576

 

Total fixed charges

 

$

180,712

 

 

$

176,199

 

 

$

178,083

 

 

$

180,061

 

 

$

183,309

 

Ratio of earnings to fixed charges

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Shortfall

 

 

(96,923

)

 

 

(294,294

)

 

 

(171,091

)

 

 

(116,996

)

 

 

(172,900

)