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


BEL FUSE INC.
COMPUTATION OF RATIO OF (LOSS) EARNINGS TO FIXED CHARGES
 
   
Year ended December 31,
  
   
2016
    
2015
    
2014
    
2013
    
2012
  
                               
(Loss) Earnings:
                              
(Loss) earnings before provision for income taxes
  
$
(82,552
)
  
$
25,732
    
$
9,770
    
$
15,165
    
$
997
  
Fixed charges
    
9,285
      
10,501
      
6,471
      
1,789
      
1,149
  
Total (loss) earnings
    
(73,267
)
    
36,233
      
16,241
      
16,954
      
2,146
  
                                         
                                         
Fixed Charges:
                                        
Interest expense
    
6,662
      
7,588
      
3,978
      
156
      
16
  
Estimate of interest within rental expense (a)
    
2,623
      
2,913
      
2,493
      
1,633
      
1,133
  
Total fixed charges
    
9,285
      
10,501
      
6,471
      
1,789
      
1,149
  
                                         
Ratio of (loss) earnings to fixed charges
    
(7.89
)
    
3.45
      
2.51
      
9.48
      
1.87
  
                                         
(a)
Estimate of interest within rental expense has been deemed to be approximately 33% of rental expense.