Attached files
| file | filename |
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| 8-K - CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES - Fossil Group, Inc. | a15-6431_18k.htm |
| EX-10.1 - EX-10.1 - Fossil Group, Inc. | a15-6431_1ex10d1.htm |
Exhibit 12.1
FOSSIL GROUP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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Fiscal year ended |
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2014 |
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2013 |
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2012 |
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2011 |
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2010 |
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Pre-tax income from continuing operations before adjustment for income or loss from equity investees |
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$ |
558,078,636 |
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$ |
561,467,029 |
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$ |
492,222,231 |
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$ |
451,559,247 |
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$ |
384,209,882 |
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Equity Adjustments: |
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Distributed income of equity investees |
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— |
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— |
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1,870,000 |
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2,226,000 |
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4,726,000 |
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Noncontrolling interest in pretax income of subsidiaries that have not incurred fixed charges |
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(9,904,472 |
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(9,896,015 |
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(10,858,201 |
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(12,700,055 |
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(9,685,000 |
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Fixed Charges: |
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Interest expensed, amortized premiums, and discounts related to indebtedness |
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15,898,258 |
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9,548,183 |
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5,159,961 |
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2,390,759 |
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1,119,004 |
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Estimate of the interest within rental expense |
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68,506,714 |
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58,083,173 |
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47,283,331 |
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38,581,611 |
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31,865,555 |
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Total Fixed Charges |
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84,404,972 |
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67,631,356 |
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52,443,292 |
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40,972,370 |
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32,984,559 |
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Earnings before income taxes and fixed charges |
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$ |
632,579,136 |
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$ |
619,202,371 |
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$ |
535,677,321 |
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$ |
482,057,563 |
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$ |
412,235,442 |
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Ratio of Earnings to Fixed Charges |
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7.49 |
x |
9.16 |
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10.21 |
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11.77 |
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12.50 |
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(1) Interest portion of rental expense represents 35.95% of rental expense, which we deem to be a reasonable approximation of the interest factor.