Attached files
file | filename |
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EXCEL - IDEA: XBRL DOCUMENT - Zeltiq Aesthetics Inc | Financial_Report.xls |
EX-31.2 - CERTIFICATE OF PRINCIPAL FINANCIAL OFFICER PURSUANT TO SECTION 302 - Zeltiq Aesthetics Inc | exhibit312q314.htm |
EX-31.1 - CERTIFICATE OF PRINCIPAL EXECUTIVE OFFICER PURSUANT TO SECTION 302 - Zeltiq Aesthetics Inc | exhibit311q314.htm |
10-Q - 10-Q - Zeltiq Aesthetics Inc | zltq-093014x10q.htm |
EX-32.1 - CERTIFICATE OF PEO AND PFO PURSUANT TO 18 U.S.C. SECTION 1350 - Zeltiq Aesthetics Inc | exhibit321q314.htm |
Exhibit 12.1
ZELTIQ Aesthetics, Inc.
Ratio of Earnings to Fixed Charges
The following table sets forth the calculation of the ratio of earnings to fixed charges for the periods indicated.
(Dollars in thousands)
Nine Months Ended | Year Ended December 31, | ||||||||||||||||||||||
September 30, 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||
Earnings (loss), calculated as follows: | |||||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 227 | $ | (19,165 | ) | $ | (30,002 | ) | $ | (9,555 | ) | $ | (13,533 | ) | $ | (17,644 | ) | ||||||
Add: Fixed charges | 369 | 450 | 396 | 410 | 720 | 735 | |||||||||||||||||
Total adjusted earnings | $ | 596 | $ | (18,715 | ) | $ | (29,606 | ) | $ | (9,145 | ) | $ | (12,813 | ) | $ | (16,909 | ) | ||||||
Fixed Charges, calculated as follows: | |||||||||||||||||||||||
Interest expensed | $ | — | $ | — | $ | 2 | $ | 72 | $ | 449 | $ | 467 | |||||||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness | — | — | — | 49 | 49 | 39 | |||||||||||||||||
Estimate of interest within rental expense (1) | 369 | 450 | 394 | 289 | 222 | 229 | |||||||||||||||||
Total fixed charges | $ | 369 | $ | 450 | $ | 396 | $ | 410 | $ | 720 | $ | 735 | |||||||||||
Earnings (deficiency of earnings) to cover fixed charges | $ | 227 | $ | (19,165 | ) | $ | (30,002 | ) | $ | (9,555 | ) | $ | (13,533 | ) | $ | (17,644 | ) | ||||||
Ratio of earnings to fixed charges (2) | 0.62 | — | — | — | — | — |
(1) Interest component of rental expense is estimated to equal 1/3 of all such expense, which management believes is a reasonable approximation of the interest factor.
(2) Due to the registrant's losses in 2009 through 2013, the ratio information is not applicable.