EX-12 4 exhibit12.htm EXHIBIT 12 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 SIX MONTHS ENDED JUNE 30, 2012 AND JULY 2, 2011
AND THE YEARS ENDED DECEMBER 31, 2011, 2010, 2009, 2008 AND 2007
(in thousands, except ratios)

 
 
Year ended December 31,
  
Six months ended
    
 
2011
2010
2009
2008
2007
  
Jun. 30, 2012
  
Jul. 2, 2011
    
Fixed Charges:
                      
Portion of rental expense representing interest
 $    872
$  874
 $      854
 $      869
 $    768
  
 $     437
  
 $      434
    
Interest and amortization of debt issuance costs
         25
    154
      1,897
     2,365
    2,463
  
             -
  
25
    
Fixed charges, total
       897
 1,028
     2,751
     3,234
   3,231
  
         437
  
        459
    
                       
Earnings:
                      
(Loss) earnings before income taxes and
                      
    discontinued operations
(49,323)
963
(57,404)
(41,872)
6,916
  
(36,753)
  
(23,728)
    
Earnings, as defined
(48,426)
 1,991
(54,653)
(38,638)
 10,147
  
(36,316)
  
 (23,269)
    
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 $36.8 million and $23.7 million for the six months ended June 30, 2012 and July 2, 2011, respectively.