Attached files
| file | filename |
|---|---|
| EX-10.2 - EX-10.2 - Fossil Group, Inc. | a15-7064_1ex10d2.htm |
| EX-31.1 - EX-31.1 - Fossil Group, Inc. | a15-7064_1ex31d1.htm |
| EX-31.2 - EX-31.2 - Fossil Group, Inc. | a15-7064_1ex31d2.htm |
| EX-32.2 - EX-32.2 - Fossil Group, Inc. | a15-7064_1ex32d2.htm |
| EX-32.1 - EX-32.1 - Fossil Group, Inc. | a15-7064_1ex32d1.htm |
| EX-10.1 - EX-10.1 - Fossil Group, Inc. | a15-7064_1ex10d1.htm |
| EXCEL - IDEA: XBRL DOCUMENT - Fossil Group, Inc. | Financial_Report.xls |
| 10-Q - QUARTERLY REPORT PURSUANT TO SECTIONS 13 OR 15(D) - Fossil Group, Inc. | a15-7064_110q.htm |
Exhibit 12.1
FOSSIL GROUP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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13 weeks ended |
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Fiscal year ended |
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April 4, 2015 |
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2014 |
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2013 |
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2012 |
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2011 |
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2010 |
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(Amounts in dollars, except ratios) |
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Pre-tax income from continuing operations before adjustment for income or loss from equity investees |
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$ |
59,161,905 |
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$ |
558,078,636 |
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$ |
561,467,029 |
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$ |
492,222,231 |
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$ |
451,559,247 |
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$ |
384,209,882 |
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Equity Adjustments: |
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Distributed income of equity investees |
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— |
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— |
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— |
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1,870,000 |
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2,226,000 |
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4,726,000 |
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Noncontrolling interest in pretax income of subsidiaries that have not incurred fixed charges |
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(2,568,148 |
) |
(9,904,472 |
) |
(9,896,015 |
) |
(10,858,201 |
) |
(12,700,055 |
) |
(9,685,000 |
) | ||||||
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Fixed Charges: |
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Interest expensed, amortized premiums, and discounts related to indebtedness |
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4,177,984 |
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15,898,258 |
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9,548,183 |
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5,159,961 |
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2,390,759 |
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1,119,004 |
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Estimate of the interest within rental expense (1) |
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17,622,720 |
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68,506,714 |
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58,083,173 |
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47,283,331 |
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38,581,611 |
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31,865,555 |
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Total Fixed Charges |
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21,800,704 |
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84,404,972 |
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67,631,356 |
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52,443,292 |
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40,972,370 |
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32,984,559 |
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Earnings before income taxes and fixed charges |
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$ |
78,394,461 |
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$ |
632,579,136 |
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$ |
619,202,371 |
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$ |
535,677,321 |
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$ |
482,057,563 |
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$ |
412,235,442 |
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Ratio of Earnings to Fixed Charges |
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3.60 |
x |
7.49 |
x |
9.16 |
x |
10.21 |
x |
11.77 |
x |
12.50 |
x | ||||||
(1) Interest portion of rental expense represents 35.95% of rental expense, which we deem to be a reasonable approximation of the interest factor.