Attached files

file filename
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - BEL FUSE INC /NJex23-1.htm
EX-31.1 - EXHIBIT 31.1 - BEL FUSE INC /NJex31-1.htm
EX-32.2 - EXHIBIT 32.2 - BEL FUSE INC /NJex32-2.htm
EX-32.1 - EXHIBIT 32.1 - BEL FUSE INC /NJex32-1.htm
EX-21.1 - SUBSIDIARIES OF THE REGISTRANT - BEL FUSE INC /NJex21-1.htm
EX-31.2 - EXHIBIT 31.2 - BEL FUSE INC /NJex31-2.htm
10-K - FORM 10-K - BEL FUSE INC /NJbel10-k.htm
Exhibit 12.1


BEL FUSE INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
   
Year ended December 31,
 
   
2015
   
2014
   
2013
   
2012
   
2011
 
       
(Revised)
             
Earnings:
                   
Earnings before provision for income taxes
 
$
25,732
   
$
9,770
   
$
15,165
   
$
997
   
$
7,872
 
Fixed charges
   
10,501
     
6,471
     
1,789
     
1,149
     
1,100
 
Total earnings
   
36,233
     
16,241
     
16,954
     
2,146
     
8,972
 
                                         
                                         
Fixed Charges:
                                       
Interest expense
   
7,588
     
3,978
     
156
     
16
     
-
 
Estimate of interest within rental expense (a)
   
2,913
     
2,493
     
1,633
     
1,133
     
1,100
 
Total fixed charges
   
10,501
     
6,471
     
1,789
     
1,149
     
1,100
 
                                         
Ratio of earnings to fixed charges
   
3.45
     
2.51
     
9.48
     
1.87
     
8.16
 

(a)  
Estimate of interest within rental expense has been deemed to be approximately 33% of rental expense.