Attached files
| file | filename |
|---|---|
| 10-K - 10-K - RESOURCE AMERICA, INC. | rexi20151231-10k.htm |
| EX-32.2 - EXHIBIT 32.2 - RESOURCE AMERICA, INC. | rexi-20151231xex322.htm |
| EX-32.1 - EXHIBIT 32.1 - RESOURCE AMERICA, INC. | rexi-20151231xex321.htm |
| EX-21.1 - EXHIBIT 21.1 - RESOURCE AMERICA, INC. | rexi-20151231xex211.htm |
| EX-31.2 - EXHIBIT 31.2 - RESOURCE AMERICA, INC. | rexi-20151231xex312.htm |
| EX-31.1 - EXHIBIT 31.1 - RESOURCE AMERICA, INC. | rexi-20151231xex311.htm |
| EX-23.1 - EXHIBIT 23.1 - RESOURCE AMERICA, INC. | rexi-20151231xex231.htm |
Exhibit 12.1
Ratio of Earnings to Fixed Charges
(in thousands, except ratios)
For the Years Ended December 31, | |||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
Earnings: | |||||||||||||||||||
Pretax income (loss) from continuing operations | $ | 14,089 | $ | 15,600 | $ | 9,849 | $ | 38,000 | $ | (14,164 | ) | ||||||||
Less - noncontrolling interests | (2,044 | ) | (729 | ) | (20 | ) | (557 | ) | 1,679 | ||||||||||
Less - equity in earnings of affiliates | (9,582 | ) | (4,553 | ) | (5,389 | ) | (4,083 | ) | (9,507 | ) | |||||||||
Add - cash distributions received from equity investments | 16,432 | 6,759 | 4,647 | 3,311 | 5,022 | ||||||||||||||
18,895 | 17,077 | 9,087 | 36,671 | (16,970 | ) | ||||||||||||||
Fixed charges | 1,975 | 2,105 | 2,236 | 2,489 | 16,148 | ||||||||||||||
Total | $ | 20,870 | $ | 19,182 | $ | 11,323 | $ | 39,160 | $ | (822 | ) | ||||||||
Fixed Charges: | |||||||||||||||||||
Interest expense | $ | 1,775 | $ | 1,905 | $ | 2,036 | $ | 2,289 | $ | 15,948 | |||||||||
Estimated interest portion of rent expense (2) | 200 | 200 | 200 | 200 | 200 | ||||||||||||||
Total | $ | 1,975 | $ | 2,105 | $ | 2,236 | $ | 2,489 | $ | 16,148 | |||||||||
Ratio of earnings to fixed charges | 10.6 | 9.1 | 5.1 | 15.7 | (1) | ||||||||||||||
(1) | Earnings for 2011 were inadequate to cover fixed charges. The coverage deficiency for that period was $17.0 million. |
(2) | Estimated to be 8% of rent expense. |