EX-12.1 4 exhibit12.htm RATIO OF EARNINGS TO FIXED CHARGES exhibit12.htm
Exhibit 12.1
 


Statement of Computation of Ratio of Earnings to Fixed Charges

ANADIGICS, INC.
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
FOR THE THREE MONTHS ENDED MARCH 31, 2012 AND APRIL 2, 2011
AND THE YEARS ENDED DECEMBER 31, 2011, 2010, 2009, 2008 AND 2007
(in thousands, except ratios)

 
   
Year ended December 31,
   
Three months ended
 
   
2011
   
2010
   
2009
   
2008
   
2007
   
Mar. 31, 2012
   
Apr. 2, 2011
 
Fixed Charges:
                                         
Portion of rental expense representing interest
  $ 872     $ 874     $ 854     $ 869     $ 768     $ 219     $ 217  
Interest and amortization of debt issuance costs
    25       154       1,897       2,365       2,463       -       17  
Fixed charges, total
    897       1,028       2,751       3,234       3,231       219       234  
                                                         
Earnings:
                                                       
(Loss) earnings before income taxes and
                                                       
    discontinued operations
    (49,323 )     963       (57,404 )     (41,872 )     6,916       (15,820 )     (10,674 )
Earnings, as defined
    (48,426 )     1,991       (54,653 )     (38,638 )     10,147       (15,601 )     (10,440 )
Ratio of earnings to fixed charges (1)
 
NA
      1.94    
NA
   
NA
      3.14    
NA
   
NA
 
                                                         
 (1) For purposes of computing the ratio of earnings to fixed charges, earnings consist of (loss) income before benefit from income taxes and loss from discontinued operations plus fixed charges.  Fixed charges consist of interest charges and that portion of rent expense that we believe to be representative of interest.  Losses before income taxes and discontinued operations were not sufficient to cover fixed charges by $49.3 million, $57.4 million and $41.9 million for the years ended December 31, 2011, 2009 and 2008 respectively.  Losses before income taxes and discontinued operations were not sufficient to cover fixed charges by $15.8 million and $10.7 million for the three months ended March 31, 2012 and April 2, 2011, respectively.