EX-12.1 5 ex12-1.htm EXHIBIT 12.1 ex12-1.htm

Exhibit 12.1

 

Cohu, Inc.

Consolidated Ratio of Earnings to Fixed Charges (1)

 

   

Nine Months

Ended

    

Year Ended

    

Year Ended

    

Year Ended

    

Year Ended

    

Year Ended

  

(in thousands)

  

Sept. 24, 2016

    

Dec. 26, 2015

    

Dec. 27, 2014

    

Dec. 28, 2013

    

Dec. 29, 2012

    

Dec. 31, 2011

  

Fixed charges:

                                                

Interest expense

   $ -     $ -     $ -     $ -     $ -     $ -  

Capitalized interest

     -       -       -       -       -       -  

Interest portion of rental expense (2)

     676       449       457       422       249       261  

Total fixed charges

   $ 676     $ 449     $ 457     $ 422     $ 249     $ 261  
                                                 

Earnings available for fixed charges:

                                                

Income (loss) from continuing operations before income taxes

   $ 2,801     $ 8,003     $ 19,433     $ (30,921 )   $ (12,149 )   $ 15,461  

Distributed equity income of affiliated companies

     -       -       -       -               -  

Add: Fixed charges

     676       449       457       422       249       261  

Less: Capitalized interest

     -       -       -       -       -       -  

Less: Net income – noncontrolling interests

     -       -       -       -       -       -  

Total earnings available for fixed charges

   $ 3,477     $ 8,452     $ 19,890     $ (30,499 )   $ (11,900 )   $ 15,722  
                                                 

Ratio of earnings to fixed charges: (1)

     5.14       18.82       43.52       N/A       N/A       60.24  
                                                 

Dollar amount of deficiency (3)

   $ -     $ -     $ -     $ (30,499 )   $ (11,900 )   $ -  

 

(1)

For purposes of calculating the ratio of earnings to fixed charges, earnings represent income (loss) before income taxes, plus fixed charges and amortization of capitalized interest and less capitalized interest; and fixed charges include interest expense, capitalized interest, amortization of deferred financing costs and an interest component of rent expense.

   

(2)

Interest component of rental expense is estimated to equal 1/4th of such expense, which is considered a reasonable approximation of the interest factor.

   

(3)

Dollar amount of deficiency is the amount of earnings required to attain a ratio of 1:1.