Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - LADENBURG THALMANN FINANCIAL SERVICES INC. | d544290d8k.htm |
| EX-5.1 - EX-5.1 - LADENBURG THALMANN FINANCIAL SERVICES INC. | d544290dex51.htm |
| EX-1.1 - EX-1.1 - LADENBURG THALMANN FINANCIAL SERVICES INC. | d544290dex11.htm |
Exhibit 12.1
LADENBURG THALMANN FINANCIAL SERVICES INC.
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Dividends
(Dollars in Thousands, Except Ratios)
(Unaudited)
| Three Months Ended March 31, |
Year Ended December 31, | |||||||||||||||||||||||
| 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||||||
| Ratio of Earnings to Combined Fixed Charges and Preferred Dividends |
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| Income (loss) before income taxes |
$ | 646 | $ | (14,892 | ) | $ | (12,302 | ) | $ | (10,090 | ) | $ | (17,604 | ) | $ | (19,244 | ) | |||||||
| Add: Fixed charges |
6,736 | 26,741 | 7,814 | 4,344 | 4,999 | 5,559 | ||||||||||||||||||
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| Income (loss) before income taxes and fixed charges |
$ | 7,382 | $ | 11,849 | $ | (4,488 | ) | $ | (5,746 | ) | $ | (12,605 | ) | $ | (13,685 | ) | ||||||||
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| Fixed Charges: |
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| Total interest expense |
$ | 6,236 | $ | 24,541 | $ | 6,543 | $ | 3,241 | $ | 3,977 | $ | 4,534 | ||||||||||||
| Interest factor in rents (1) |
500 | 2,200 | 1,271 | 1,103 | 1,022 | 1,025 | ||||||||||||||||||
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| Total fixed charges |
$ | 6,736 | $ | 26,741 | $ | 7,814 | $ | 4,344 | $ | 4,999 | $ | 5,559 | ||||||||||||
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| Ratio of earnings to combined fixed charges and preferred dividends |
1.1 | * | * | * | * | * | ||||||||||||||||||
| * Deficiency of earnings available to cover fixed charges |
$ | — | $ | (14,892 | ) | $ | (12,302 | ) | $ | (10,090 | ) | $ | (17,604 | ) | $ | (19,244 | ) | |||||||
| (1) | One-third of rent expense is the portion deemed representative of the interest factor |