EX-12.1 4 a2124119zex-12_1.htm EXHIBIT 12.1
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Exhibit 12.1


Advanstar Communications Inc.
Computation of Ratio of Earnings to Fixed Charges/Deficiency
In the Coverage of Fixed Charges by Earnings Before Fixed Charges

 
  Predecessor
  Advanstar
 
 
  Year ended
December 31,

  For the period
from January 1,
2000 through
October 11,

  For the period
from October 12,
2000 through
December 31,

  Combined
  Year ended
December 31,

  Nine Months Ended
September 30,

 
 
  1998
  1999
  2000
  2000
  2000
  2001
  2002
  2002
  2003
 
 
   
   
   
   
  (unaudited)
   
   
   
   
 
 
   
   
   
  (dollars in thousands)
   
   
   
   
 
Earnings before fixed charges:                                                        
  Income (loss) before income taxes, extraordinary item and accounting change   $ (27,172 ) $ (12,016 ) $ 10,700   $ (22,817 ) $ (12,117 ) $ (57,820 ) $ (73,000 ) $ (42,629 ) $ (15,580 )
 
Portion of rents representative of interest factor

 

 

1,368

 

 

1,798

 

 

1,821

 

 

288

 

 

2,109

 

 

2,378

 

 

2,475

 

 

1,855

 

 

1,832

 
 
Interest on indebtedness

 

 

27,862

 

 

39,888

 

 

38,161

 

 

13,765

 

 

51,926

 

 

55,499

 

 

51,211

 

 

38,797

 

 

40,383

 
   
 
 
 
 
 
 
 
 
 
   
Earnings (loss) before fixed charges

 

 

2,058

 

 

29,670

 

 

50,682

 

 

(8,764

)

 

41,918

 

 

57

 

 

(19,314

)

 

(1,977

)

 

26,635

 
   
 
 
 
 
 
 
 
 
 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
Portion of rents representative of interest factor

 

 

1,368

 

 

1,798

 

 

1,821

 

 

288

 

 

2,109

 

 

2,378

 

 

2,475

 

 

1,855

 

 

1,832

 
 
Interest on indebtedness

 

 

27,862

 

 

39,888

 

 

38,161

 

 

13,765

 

 

51,926

 

 

55,499

 

 

51,211

 

 

38,797

 

 

40,383

 
   
 
 
 
 
 
 
 
 
 
   
Total fixed charges

 

 

29,230

 

 

41,686

 

 

39,982

 

 

14,053

 

 

54,035

 

 

57,877

 

 

53,686

 

 

40,652

 

 

42,215

 
   
 
 
 
 
 
 
 
 
 

Ratio of earnings to fixed charges

 

 


 

 


 

 

1.3

 

 


 

 


 

 


 

 


 

 


 

 


 
   
 
 
 
 
 
 
 
 
 

Deficiency in the coverage of fixed charges by earnings before fixed charges

 

$

(27,172

)

$

(12,016

)

 


 

$

(22,817

)

$

(12,117

)

$

(57,820

)

$

(73,000

)

$

(42,629

)

$

(15,580

)
   
 
 
 
 
 
 
 
 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



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Advanstar Communications Inc. Computation of Ratio of Earnings to Fixed Charges/Deficiency In the Coverage of Fixed Charges by Earnings Before Fixed Charges