Attached files
| file | filename |
|---|---|
| 10-K - RADNET, INC. FORM 10-K - RadNet, Inc. | radnet_10k-123110.htm |
| EX-21.1 - SUBSIDIARIES - RadNet, Inc. | radnet_10k-ex021.htm |
| EX-23.1 - CONSENT - RadNet, Inc. | radnet_10k-ex2301.htm |
| EX-31.1 - CERTIFICATION - RadNet, Inc. | radnet_10k-ex3101.htm |
| EX-32.1 - CERTIFICATION - RadNet, Inc. | radnet_10k-ex3201.htm |
| EX-31.2 - CERTIFICATION - RadNet, Inc. | radnet_10k-ex3102.htm |
| EX-32.2 - CERTIFICATION - RadNet, Inc. | radnet_10k-ex3202.htm |
| EXHIBIT 12.1 |
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RADNET, INC. AND SUBSIDIARIES
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COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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(in thousands)
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(unaudited)
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Years Ended
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December 31,
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2010
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2009
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2008
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Earnings:
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Pre-tax net loss(1)
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(12,109 | ) | (1,732 | ) | (12,582 | ) | ||||||
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Less: Equity in earnings of unconsolidated joint ventures
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(8,230 | ) | (8,456 | ) | (9,791 | ) | ||||||
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Plus: Distributions from unconsolidated joint ventures
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10,917 | 7,667 | 7,982 | |||||||||
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Fixed Charges
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63,460 | 57,521 | 66,302 | |||||||||
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Total adjusted earnings
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54,038 | 55,000 | 51,911 | |||||||||
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Fixed charges:
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- | |||||||||||
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Interest expense (including debt issue costs amortized to interest expense)
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48,398 | 49,193 | 51,811 | |||||||||
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Write-off of debt issue costs
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Portion of rent expense representative of the interest factor (2)
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15,979 | 14,447 | 14,491 | |||||||||
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Fair value adjustments of cash flow hedges reclassified from OCI to interest expense
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(917 | ) | (6,119 | ) | - | |||||||
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Total fixed charges
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63,460 | 57,521 | 66,302 | |||||||||
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Ratio of earnings to fixed charges
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0.85 | 0.96 | 0.78 | |||||||||
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Additional earnings required to have a one-to-one ratio of earnings to fixed charges
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$ | 9,422 | $ | 2,521 | $ | 14,391 | ||||||
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(1)
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Excludes net income attributable to noncontrolling interests
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(2)
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Represents one-third of operating lease costs, which approximates the portion that relates to the interest portion
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