Vertrue Inc – ‘S-3’ on 12/3/03 – EX-12

On:  Wednesday, 12/3/03, at 1:44pm ET   ·   Accession #:  1157523-3-7052   ·   File #:  333-110885

in

this entire Filing. an “Entity” Search.

Show

Documents searched

and

each “hit”. the 1st “hit”.

↓↑Hints

Registration Statement for Securities Offered Pursuant to a Transaction   —   Form S-3
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-3         Memberworks S-3                                       54    255K 
 2: EX-5        Exhibit 5.1                                            2     11K 
 3: EX-12       Exhibit 12.1                                           1      8K 
 4: EX-23       Exhibit 23.1                                           1      5K 
 5: EX-25       Exhibit 25.1                                          39    140K 

EX-12   —   Exhibit 12.1

                                                                    Exhibit 12.1
 Computation of Ratio of Earnings to
Fixed Charges (In Thousands)

                                                        [Enlarge/Download Table]


                                                                                      Fiscal Year ended June 30,                 
                                                                   --------------------------------------------------------------
                                                      9/30/2003      2003        2002         2001         2000         1999     
                                                      -----------  --------------------------------------------------------------
                                                                                                                                 
Earnings:                                                                                                                        
Pre-tax income from continuing operations before                                                                                 
 adjustment for minority interests in consolidated         6,491        40,595     43,918       (26,757)     10,333        6,036 
 subsidiaries or income or loss from equity investees                                                                            
Less: Losses from Minority interest                            -             -       (450)       (9,106)     (2,027)           - 
Less: Equity investment income/(loss)                          -             -          -            83          19       (1,912)

                                                      -----------  --------------------------------------------------------------
Total Earnings                                           $ 6,491      $ 40,595   $ 43,468     $ (35,946)    $ 8,287      $ 7,948 
                                                      -----------  --------------------------------------------------------------

Fixed Charges:                                                                                                                   
Interest Expense                                             114           238        435         1,263         133           55 
Estimated interest component of rent Expense (1)             547         2,557      2,169         2,517       1,308          991 
                                                      -----------  --------------------------------------------------------------
Total Fixed Charges                                        $ 661       $ 2,795    $ 2,604       $ 3,780     $ 1,441      $ 1,046 
                                                      -----------  --------------------------------------------------------------

                                                      -----------  --------------------------------------------------------------
Ratio of earnings to fixed charges                         10.82         15.52      17.69            <0        6.75         8.60 
                                                      ===========  ==============================================================

(1) The ratio of earnings to fixed charges is computed by dividing pre-tax      
income from continuing operations (before adjustment for minority interests in
consolidated subsidiaries and loss from equity investees) by fixed charges.   
 Fixed charges consist of interest charges, whether expensed or capitalized, and
 that portion of rental expense we believe to be representative of interest. For
 the year ended June 30, 2001, earnings were insufficient to cover fixed charges
by $35.9 million.                                                             

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘S-3’ Filing		Date		Other Filings
Filed on:		12/3/03		4
		6/30/01		10-K
				List all Filings