Exhibit 12.1
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ExamWorks Group, Inc. |
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Computation of Ratio of Earnings to Fixed Charges |
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For the year ended December 31, |
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2010 |
2011 |
2012 |
2013 |
2014 |
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Income (loss) before income taxes: |
$ | (8,522 | ) | $ | (12,415 | ) | $ | (22,926 | ) | $ | (15,572 | ) | $ | 14,929 | ||||||
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Fixed charges |
9,503 | 19,143 | 31,868 | 33,973 | 37,774 | |||||||||||||||
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Earnings |
$ | 981 | $ | 6,728 | $ | 8,942 | $ | 18,401 | $ | 52,703 | ||||||||||
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Fixed charges: |
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Interest expense |
$ | 7,316 | $ | 14,534 | $ | 26,467 | $ | 27,661 | $ | 29,853 | ||||||||||
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Deferred financing cost amortization |
871 | 1,941 | 2,190 | 2,191 | 2,317 | |||||||||||||||
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Interest cost in rental expense |
1,316 | 2,668 | 3,211 | 4,121 | 5,604 | |||||||||||||||
| $ | 9,503 | $ | 19,143 | $ | 31,868 | $ | 33,973 | $ | 37,774 | |||||||||||
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Ratio of Earnings to Fixed Charges |
0.1 | 0.4 | 0.3 | 0.5 | 1.4 | |||||||||||||||
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Deficiency |
$ | 8,522 | $ | 12,415 | $ | 22,926 | $ | 15,572 | $ | - | ||||||||||
For the purposes of computing the ratio of earnings to fixed charges, earnings consist of income (loss) before income taxes plus fixed charges. Fixed charges consist of interest costs, amortization of deferred financing costs and an estimate of the interest cost in rental expense.