NN INC - FORM 10-K - EX-12.1 - April 2, 2018

Attached files

file	filename
EX-31.1 - EX-31.1 - NN INC	d480183dex311.htm
EX-99.1 - EX-99.1 - NN INC	d480183dex991.htm
EX-32.2 - EX-32.2 - NN INC	d480183dex322.htm
EX-32.1 - EX-32.1 - NN INC	d480183dex321.htm
EX-31.2 - EX-31.2 - NN INC	d480183dex312.htm
EX-23.2 - EX-23.2 - NN INC	d480183dex232.htm
EX-23.1 - EX-23.1 - NN INC	d480183dex231.htm
EX-21.1 - EX-21.1 - NN INC	d480183dex211.htm
10-K - FORM 10-K - NN INC	d480183d10k.htm

Exhibit 12.1

NN, Inc.

Computation of Ratio of Earnings to Fixed Charges

For Fiscal Years Ended December 31, 2013 through 2017

(in thousands except ratio amounts)


		For Fiscal Years Ended December 31,
		2017				2016⁽¹⁾				2015⁽¹⁾				2014				2013
Earnings:
Loss from continuing operations before provision for income taxes and minority interest			(58,873	)			(30,866	)			(49,218	)			(17,397	)			(1,009	)
Fixed charges			55,843				67,602				33,205				13,325				3,148
Amortization of capitalized interest			260				239				—				—				—
Distributed income of equity investees			4,156				3,706				2,868				2,538				—
Pre-tax losses (gains) of equity investees			5,582				6,427				5,440				1,646				—
Less: Interest capitalized			(1,081	)			(1,589	)			(1,375	)			(946	)			—
Total Adjusted Earnings			5,887				45,519				(9,080	)			(834	)			2,139
Fixed Charges:
Interest expense			47,970				58,986				28,145				10,051				1,827
Capitalized interest			1,081				1,589				1,375				946				—
Amortization of debt issuance costs			4,296				4,168				1,754				844				547
Interest estimate within rental expense			2,496				2,859				1,931				1,484				774
Total Fixed Charges			55,843				67,602				33,205				13,325				3,148
Ratio of Earnings to Fixed Charges			0.1x				0.7x				-0.3x				-0.1x				0.7x

(1)	Includes the effects of prior periods’ revisions as disclosed in Note 21 of the Notes to Consolidated Financial Statements included in Item 8 of this Annual Report.