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EXCEL - IDEA: XBRL DOCUMENT - Zeltiq Aesthetics IncFinancial_Report.xls
EX-31.2 - CERTIFICATE OF PRINCIPAL FINANCIAL OFFICER PURSUANT TO SECTION 302 - Zeltiq Aesthetics Incexhibit312q314.htm
EX-31.1 - CERTIFICATE OF PRINCIPAL EXECUTIVE OFFICER PURSUANT TO SECTION 302 - Zeltiq Aesthetics Incexhibit311q314.htm
10-Q - 10-Q - Zeltiq Aesthetics Inczltq-093014x10q.htm
EX-32.1 - CERTIFICATE OF PEO AND PFO PURSUANT TO 18 U.S.C. SECTION 1350 - Zeltiq Aesthetics Incexhibit321q314.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.