EX-12.1 4 usecology_s3-ex1201.htm RATIO OF EARNINGS TO FIXED CHARGES

EXHIBIT 12.1

 

Ratio of Earnings to Fixed Charges

(Unaudited)

   

   For the Year Ended December 31, 
$s in thousands  2015   2014   2013   2012   2011 
                     
Earnings (as defined):                         
Earnings before income taxes  $46,855   $61,050   $50,147   $41,718   $29,807 
Fixed charges   23,556    10,732    856    900    1,635 
Earnings  $70,411   $71,782   $51,003   $42,618   $31,442 
                          
Fixed charges (as defined):                         
Interest expense  $23,370   $10,677   $828   $878   $1,604 
Estimated interest within rental expense   186    55    28    22    31 
Fixed charges  $23,556   $10,732   $856   $900   $1,635 
                          
Ratio of earnings to fixed charges   3.0    6.7    59.6    47.3    19.2