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EXCEL - IDEA: XBRL DOCUMENT - GAMCO INVESTORS, INC. ET ALFinancial_Report.xls
EX-31.2 - FORM 10-K, EXHIBIT 31.2 - GAMCO INVESTORS, INC. ET ALform10k2014ex312.htm
EX-31.1 - FORM 10-K, EXHIBIT 31.1 - GAMCO INVESTORS, INC. ET ALform10k2014ex311.htm
EX-21.1 - FORM 10-K, EXHIBIT 21.1 - GAMCO INVESTORS, INC. ET ALform10k2014ex211.htm
EX-23.1 - FORM 10-K, EXHIBIT 23.1 - GAMCO INVESTORS, INC. ET ALform10k2014ex231.htm
EX-32.1 - FORM 10-K, EXHIBIT 32.1 - GAMCO INVESTORS, INC. ET ALform10k2014ex321.htm
10-K - GAMCO INVESTORS, INC. ET ALform10k.htm
EX-32.2 - FORM 10-K, EXHIBIT 32.2 - GAMCO INVESTORS, INC. ET ALform10k2014ex322.htm

 
Exhibit 12.1

 Computation of Ratios of Earnings to Fixed Charges

The following table sets forth certain information regarding our consolidated ratio of earnings to fixed charges for the five-year period ended December 31, 2014.

 
 
Year Ending December 31,
 
 
 
2014
   
2013
   
2012
   
2011
   
2010
 
(In thousands, except ratio data)
 
   
   
   
   
 
Income before taxes and noncontrolling interests
 
$
167,621
   
$
183,551
   
$
117,316
   
$
110,442
   
$
109,341
 
Fixed charges
   
8,083
     
10,544
     
15,940
     
15,038
     
12,047
 
Adjusted earnings
   
175,704
     
194,095
     
133,256
     
125,480
     
121,388
 
 
                                       
Interest expense
   
8,049
     
10,511
     
15,899
     
14,997
     
11,984
 
Interest portion of operating leases
   
34
     
33
     
41
     
41
     
63
 
Fixed charges
 
$
8,083
   
$
10,544
   
$
15,940
   
$
15,038
   
$
12,047
 
 
                                       
Ratio of earnings to fixed charges (a)
   
21.7
     
18.4
     
8.4
     
8.3
     
10.1
 

(a) These ratios were calculated by dividing the sum of fixed charges into the sum of earnings before taxes and noncontrolling interest and fixed charges. Fixed charges for these purposes consist of all interest expense and the approximate portion of rental expense representing interest.