EX-12.1 3 ex12-1.htm EXHIBIT 12.1 ex12-1.htm

RATIO OF EARNINGS TO FIXED CHARGES

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 JULY 4, 2015 AND JUNE 28, 2014

AND THE YEARS ENDED DECEMBER 31, 2014, 2013, 2012, 2011 AND 2010

(in thousands, except ratios)

 

 

   

Year ended December 31,

   

Six months ended

 
   

2014

   

2013

   

2012

   

2011

   

2010

   

7/4/2015

   

6/28/2014

 

Fixed Charges:

                                                       

Portion of rental expense representing interest

  $ 843     $ 869     $ 950     $ 872     $ 874     $ 396     $ 438  

Interest and amortization of debt issuance costs

    303       82       0       25       154       35       93  

Fixed charges, total

    1146       951       950       897       1028       431       531  
                                                         

Earnings:

                                                       

(Loss) earnings before income taxes

    (38,890

)

    (53,979 )     (69,853

)

    (49,323

)

    963       (11,205

)

    (26,784

)

Earnings, as defined

    (37,744

)

    (53,028 )     (68,903

)

    (48,426

)

    1,991       (10,774

)

    (26,253

)

Ratio of earnings to fixed charges (1)

 

NA

   

NA

   

NA

   

NA

      1.94    

NA

   

NA

 

 

(1) For purposes of computing the ratio of earnings to fixed charges, earnings consist of (loss) income before benefit from income taxes 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 were not sufficient to cover fixed charges by $38.9 million, $54.0 million, $69.9 million and $49.3 million for the years ended December 31, 2014, 2013, 2012 and 2011 respectively.

Losses before income taxes were not sufficient to cover fixed charges by $11.2 million and $26.8 million for the six months ended July 4, 2015 and June 28, 2014, respectively.