EX-12.1 164 a12-11068_7ex12d1.htm EX-12.1

Exhibit 12.1

 

COMMUNITY CHOICE FINANCIAL INC.

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

(Dollars in Thousands)

 

 

 

Year Ended December 31,

 

Three
Months
Ended
March 31,

 

 

 

2011

 

2010

 

2009

 

2008

 

2007

 

2012

 

 

 

 

 

 

 

 

 

 

 

 

 

(unaudited)

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before provision (benefit) for income taxes, discontinued operations, and extraordinary item

 

$

30,406

 

$

53,226

 

$

38,311

 

$

(29,614

)

$

17,919

 

$

12,3939

 

Equity investment (income) loss

 

415

 

—

 

—

 

—

 

—

 

(21

)

Total earnings, as adjusted

 

$

30,821

 

$

53,226

 

$

38,311

 

$

(29,614

)

$

17,919

 

$

12,3939

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Expense

 

$

32,775

 

$

8,423

 

$

11,379

 

$

16,113

 

$

18,277

 

$

10,835

 

Amortization of deferred financing costs

 

1,559

 

78

 

153

 

78

 

144

 

515

 

Total fixed charges

 

$

34,334

 

$

8,501

 

$

11,532

 

$

16,191

 

$

18,421

 

$

11,350

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

0.9

 

6.3

 

3.3

 

—

 

1.0

 

1.1

 

 

For the periods ended December 31, 2011, 2008 and 2007, the deficiency was $6,946, $47,424 and $2,344, respectively.