EX-12.1 2 ex12-1.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Exhibit 12.1


STATEMENT OF RATIOS OF EARNINGS TO FIXED CHARGES

   
Year ended December 31,
  
   
2014
    
2013
    
2012
    
2011
    
2010
  
Earnings:
                    
Earnings before provision for income taxes
  
$
10,391
    
$
15,165
    
$
997
    
$
7,872
    
$
15,580
  
Fixed charges
    
6,471
      
1,789
      
1,149
      
1,100
      
1,133
  
Total earnings
    
16,862
      
16,954
      
2,146
      
8,972
      
16,713
  
                                         
                                         
Fixed Charges:
                                        
Interest expense
    
3,978
      
156
      
16
      
-
      
-
  
Estimate of interest within rental expense (a)
    
2,493
      
1,633
      
1,133
      
1,100
      
1,133
  
Total fixed charges
    
6,471
      
1,789
      
1,149
      
1,100
      
1,133
  
                                         
Ratio of earnings to fixed charges
    
2.61
      
9.48
      
1.87
      
8.16
      
14.75
  

 
(a)
Estimate of interest within rental expense has been deemed to be approximately 33% of rental expense.