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EX-99.1 - FORM 10-K, EXHIBIT 99.1 - GAMCO INVESTORS, INC. ET ALform10k2017ex991.htm
EX-32.2 - FORM 10-K, EXHIBIT 32.2 - GAMCO INVESTORS, INC. ET ALform10k2017ex322.htm
EX-32.1 - FORM 10-K, EXHIBIT 32.1 - GAMCO INVESTORS, INC. ET ALform10k2017ex321.htm
EX-31.3 - FORM 10-K, EXHIBIT 31.3 - GAMCO INVESTORS, INC. ET ALform10k2017ex313.htm
EX-31.2 - FORM 10-K, EXHIBIT 31.2 - GAMCO INVESTORS, INC. ET ALform10k2017ex312.htm
EX-31.1 - FORM 10-K, EXHIBIT 31.1 - GAMCO INVESTORS, INC. ET ALform10k2017ex311.htm
EX-23.1 - FORM 10-K, EXHIBIT 23.1 - GAMCO INVESTORS, INC. ET ALform10k2017ex231.htm
EX-21.1 - FORM 10-K, EXHIBIT 21.1 - GAMCO INVESTORS, INC. ET ALform10k2017ex211.htm
10-K - FORM 10-K - GAMCO INVESTORS, INC. ET ALform10k.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, 2017.

   
Year Ending December 31,
 
 
 
2017
   
2016
   
2015
   
2014
   
2013
 
(In thousands, except ratio data)
                             
Income before taxes
 
$
132,888
   
$
182,227
   
$
139,025
   
$
168,283
   
$
143,007
 
Fixed charges
   
10,202
     
12,716
     
8,672
     
7,687
     
10,066
 
Adjusted earnings
   
143,090
     
194,943
     
147,697
     
175,970
     
153,073
 
                                         
Interest expense
   
10,160
     
12,674
     
8,636
     
7,653
     
10,033
 
Interest portion of operating leases
   
42
     
42
     
36
     
34
     
33
 
Fixed charges
 
$
10,202
   
$
12,716
   
$
8,672
   
$
7,687
   
$
10,066
 
                                         
Ratio of earnings to fixed charges (a)
   
14.0
     
15.3
     
17.0
     
22.9
     
15.2
 

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