NN INC - FORM 10-K - EX-12.1 - March 16, 2017

Attached files

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10-K - FORM 10-K - NN INCd287773d10k.htm
EX-99.1 - EX-99.1 - NN INCd287773dex991.htm
EX-32.2 - EX-32.2 - NN INCd287773dex322.htm
EX-32.1 - EX-32.1 - NN INCd287773dex321.htm
EX-31.2 - EX-31.2 - NN INCd287773dex312.htm
EX-31.1 - EX-31.1 - NN INCd287773dex311.htm
EX-23.2 - EX-23.2 - NN INCd287773dex232.htm
EX-23.1 - EX-23.1 - NN INCd287773dex231.htm
EX-21.1 - EX-21.1 - NN INCd287773dex211.htm
EX-10.21 - EX-10.21 - NN INCd287773dex1021.htm
EX-10.20 - EX-10.20 - NN INCd287773dex1020.htm
EX-10.19 - EX-10.19 - NN INCd287773dex1019.htm
EX-10.18 - EX-10.18 - NN INCd287773dex1018.htm

Exhibit 12.1

NN, Inc.

Computation of Ratio of Earnings to Fixed Charges

For Fiscal Years Ended December 31, 2012 through 2016

(in thousands except ratio amounts)

 

     For Fiscal Years Ended December 31,  
     2016     2015     2014      2013      2012  

Earnings:

             

Income before provision for income taxes and minority interest

      (7,309 )      (22,950 )      13,172        25,178        20,341  

Fixed charges

      67,584       33,205       13,325        3,148        4,842  

Distributed income of equity investees

      3,706       2,868       2,538        —          —    

Pre-tax losses (gains) of equity investees

      6,427       5,440       1,646        —          —    

Less: Interest capitalized

      (1,571 )      (1,375 )      (946        —          (173 ) 
  

 

 

    

 

 

    

 

 

     

 

 

     

 

 

  

Total Adjusted Earnings

      68,837       17,188       29,735        28,326        25,010  
  

 

 

    

 

 

    

 

 

     

 

 

     

 

 

  

Fixed Charges:

             

Interest expense

      58,986       28,145       10,051        1,827        3,054  

Capitalized interest

      1,571       1,375       946        —          173  

Amortization of debt issuance costs

      4,168       1,754       844        547        824  

Interest estimate within rental expense

      2,859       1,931       1,484        774        791  
  

 

 

    

 

 

    

 

 

     

 

 

     

 

 

  

Total Fixed Charges

      67,584       33,205       13,325        3,148        4,842  
  

 

 

    

 

 

    

 

 

     

 

 

     

 

 

  

Ratio of Earnings to Fixed Charges

      1.0x       0.5x       2.2x        9.0x        5.2x  
  

 

 

    

 

 

    

 

 

     

 

 

     

 

 

  

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