EX-12.1 2 mxwl081016s-3aposamex121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1


RATIO OF EARNINGS TO FIXED CHARGES


 
Six Months Ended June 30,
 
Years Ended December 31,
 
2016
 
2015
 
2014
 
2013
 
2012
 
2011
 
(In thousands, except ratio data)
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
Interest expense
$
131

 
$
266

 
$
169

 
$
4

 
$
116

 
$
109

Amortization of debt discount and capitalized interest expense related to indebtedness
32

 
79

 
74

 
214

 
134

 
55

Estimate of interest within rental expense
277

 
664

 
804

 
857

 
882

 
727

Total fixed charges
$
440

 
$
1,009

 
$
1,047

 
$
1,075

 
$
1,132

 
$
891

 
 
 
 
 
 
 
 
 
 
 
 
Earnings available for fixed charges
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations before income taxes
$
(3,598
)
 
$
(17,730
)
 
$
(1,926
)
 
$
8,492

 
$
9,523

 
$
418

Add: Fixed charges
440

 
1,009

 
1,047

 
1,075

 
1,132

 
891

Total earnings (loss)
$
(3,158
)
 
$
(16,721
)
 
$
(879
)
 
$
9,567

 
$
10,655

 
$
1,309

 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
—

 
—

 
—

 
8.9

 
9.4

 
1.5

 
 
 
 
 
 
 
 
 
 
 
 
Insufficiency of earnings available to cover fixed charges
$
(3,598
)
 
$
(17,730
)
 
$
(1,926
)
 
N/A

 
N/A

 
N/A