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 EARNINGS (LOSS) TO FIXED CHARGES
 

   
Year ended December 31,
  
   
2017
    
2016
    
2015
    
2014
    
2013
  
                               
Earnings (Loss):
                              
Earnings (loss) before provision for income taxes
  
$
9,643
    
$
(82,552
)
  
$
25,732
    
$
9,770
    
$
15,165
  
Fixed charges
    
9,544
      
9,285
      
10,501
      
6,471
      
1,789
  
Total earnings (loss)
    
19,187
      
(73,267
)
    
36,233
      
16,241
      
16,954
  
                                         
                                         
Fixed Charges:
                                        
Interest expense
    
6,802
      
6,662
      
7,588
      
3,978
      
156
  
Estimate of interest within rental expense (a)
    
2,742
      
2,623
      
2,913
      
2,493
      
1,633
  
Total fixed charges
  
$
9,544
    
$
9,285
    
$
10,501
    
$
6,471
    
$
1,789
  
                                         
Ratio of earnings (loss) to fixed charges
    
2.01
      
(7.89
)
    
3.45
      
2.51
      
9.48
  
                                         
(a) Estimate of interest within rental expense has been deemed to be approximately 33% of rental expense.