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EXCEL - IDEA: XBRL DOCUMENT - Wright Medical Group N.V.Financial_Report.xls
10-Q - FORM 10-Q - Wright Medical Group N.V.d512433d10q.htm
EX-32.1 - EX-32.1 - Wright Medical Group N.V.d512433dex321.htm
EX-32.2 - EX-32.2 - Wright Medical Group N.V.d512433dex322.htm
EX-10.3 - EX-10.3 - Wright Medical Group N.V.d512433dex103.htm
EX-31.2 - EX-31.2 - Wright Medical Group N.V.d512433dex312.htm
EX-10.2 - EX-10.2 - Wright Medical Group N.V.d512433dex102.htm
EX-31.1 - EX-31.1 - Wright Medical Group N.V.d512433dex311.htm

Exhibit 12.1

Tornier N.V.

Computation of Ratio of Earnings to Fixed Charges

(in thousands)

 

     Three months ended     Fiscal years ended  
     March 31,
2013
    April 1,
2012
    December 30,
2012
    January 1,
2012
    January 2,
2011
    December 27,
2009
    December 28,
2008
 

Earnings:

              

Loss before income taxes

   $ (6,898   $ (176   $ (32,679   $ (38,880   $ (44,630   $ (70,099   $ (39,404

Fixed charges to add to earnings:

              

Interest expense

     2,218        487        3,733        4,326        21,805        19,917        11,381   

Rent interest factor 1

     262        260        1,429        1,167        1,100        1,222        1,131   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

     2,480        747        5,162        5,493        22,905        21,139        12,512   

Earnings before income taxes and fixed charges

   $ (4,418   $ 571      $ (27,517   $ (33,387   $ (21,725   $ (48,960   $ (26,892

Ratio of earnings to fixed charges2

     —          —          —          —          —          —          —     

 

1  Approximately one-third of rental expense is deemed representative of the interest factor
2  For the three months ended March 31, 2013 and April 1, 2012, we had no earnings and are therefore unable to calculate the ratio of fixed charges to earnings. Our earnings for those periods were insufficient to cover fixed charges by $6.9 million and $0.2 million, respectively. For the years ended December 30, 2012, January 1, 2012, January 2, 2011, December 27, 2009 and December 28, 2008, we had no earnings and are therefore unable to calculate the ratio of fixed charges to earnings. Our earnings for those periods were insufficient to cover fixed charges by $32.7 million, $38.9 million, $44.6 million, $70.1 million, and $39.4 million, respectively.