Attached files

file filename
10-K - 10-K - DallasNews Corpc898-20151231x10k.htm
EX-21. SUBSIDIARIES - EX-21. SUBSIDIARIES - DallasNews Corpc898-20151231ex21subsidi.htm
EX-99.1. FINANCIAL S - EX-99.1. FINANCIAL STATEMENTS CLASSIFIED VENTURES LLC - DallasNews Corpc898-20151231ex991financ.htm
EX-23.3. CONSENT PWC - EX-23.3. CONSENT PWC - DallasNews Corpc898-20151231ex233consen.htm
EX-31.1. SECTION 302 - EX-31.1. SECTION 302 CERTIFICATION - DallasNews Corpc898-20151231ex311sectio.htm
EX-99.2. FINANCIAL S - EX-99.2. FINANCIAL STATEMENTS WANDERFUL MEDIA LLC - DallasNews Corpc898-20151231ex992financ.htm
EX-31.2. SECTION 302 - EX-31.2. SECTION 302 CERTIFICATION - DallasNews Corpc898-20151231ex312sectio.htm
EX-32. SECTION 1350 - EX-32. SECTION 1350 CERTIFICATION - DallasNews Corpc898-20151231ex32section.htm
EX-23.1. CONSENT KPM - EX-23.1. CONSENT KPMG - DallasNews Corpc898-20151231ex231consen.htm
EX-23.2. CONSENT MOS - EX-23.2. CONSENT MOSS ADAMS - DallasNews Corpc898-20151231ex232consen.htm

Exhibit 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

Years Ended December 31,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In thousands

 

2015

 

2014

 

2013

 

2012

 

2011

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

$

 —

 

$

 —

 

$

311 

 

$

629 

 

$

668 

Portion of rental expense representative of the interest factor (1)

 

 

619 

 

 

575 

 

 

604 

 

 

628 

 

 

997 

Total Fixed Charges

 

$

619 

 

$

575 

 

$

915 

 

$

1,257 

 

$

1,665 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) before tax:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before income taxes

 

$

(19,764)

 

$

91,985 

 

$

3,376 

 

$

6,900 

 

$

(3,233)

Add: Total fixed charges

 

 

619 

 

 

575 

 

 

915 

 

 

1,257 

 

 

1,665 

Less: Net loss attributable to noncontrolling interests

 

 

(415)

 

 

(152)

 

 

(193)

 

 

(107)

 

 

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Earnings Available for Fixed Charges

 

$

(18,730)

 

$

92,712 

 

$

4,484 

 

$

8,264 

 

$

(1,568)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges(2)

 

 

 —

 

 

161.2 

 

 

4.9 

 

 

6.6 

 

 

 —

 

 

(1)

For purposes of calculating fixed charges, an interest factor of one-third was applied to total rental expense.

(2)

Adjusted earnings for the years ended December 31, 2015 and 2011 were not sufficient to provide for fixed charges.

(3)

For purposes of calculating the ratio of earnings to fixed charges, adjusted earnings includes a charge of $1,988 related to the withdrawal from a defined benefit plan of the former parent company. Adjusted earnings are not sufficient to provide for fixed charges.