SEC Info - Tegrity, Inc., et al. - ‘S-4/A’ on 4/18/14

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Tegrity, Inc., et al. – ‘S-4/A’ on 4/18/14 – EX-12.1

On: Friday, 4/18/14, at 5:18pm ET · Accession #: 1193125-14-149214 · File #s: 333-193697, -01, -02, -03, -04, -05, -06, -07, -08, -09, -10, -11

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 4/18/14  Tegrity, Inc.                     S-4/A                 17:8.6M                                   RR Donnelley/FA
          Aleks Corp
          McGraw-Hill Education Ventures LLC
          McGraw-Hill Education Publication Overseas LLC
          McGraw-Hill Global Education Finance, Inc.
          McGraw-Hill Global Education Mexico Holdings, LLC
          McGraw-Hill International Enterprises LLC
          McGraw-Hill Global Education LLC
          McGraw-Hill Global Education Intermediate Holdings, LLC
          McGraw-Hill Global Education Holdings, LLC
          Aleks Holdco, LLC
          McGraw-Hill Interamericana, Inc.

Pre-Effective Amendment to Registration of Securities Issued in a Business-Combination Transaction — Form S-4
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-4/A       Amendment No. 1 to Form S-4                         HTML   2.27M 
 2: EX-2.1      Plan of Acquisition, Reorganization, Arrangement,   HTML   1.12M 
                          Liquidation or Succession                              
 3: EX-2.2      Plan of Acquisition, Reorganization, Arrangement,   HTML     31K 
                          Liquidation or Succession                              
 4: EX-4.1      Instrument Defining the Rights of Security Holders  HTML    637K 
 5: EX-5.2      Opinion re: Legality                                HTML     21K 
 6: EX-8.1      Opinion re: Tax Matters                             HTML     17K 
 7: EX-10.1     Material Contract                                   HTML   1.17M 
10: EX-10.10    Material Contract                                   HTML     88K 
 8: EX-10.2     Material Contract                                   HTML    260K 
11: EX-10.24    Material Contract                                   HTML     12K 
12: EX-10.26    Material Contract                                   HTML     43K 
13: EX-10.27    Material Contract                                   HTML    127K 
14: EX-10.28    Material Contract                                   HTML     74K 
 9: EX-10.3     Material Contract                                   HTML     66K 
15: EX-12.1     Statement re: Computation of Ratios                 HTML     20K 
16: EX-23.1     Consent of Experts or Counsel                       HTML     11K 
17: EX-24.2     Power of Attorney                                   HTML     15K

EX-12.1 — Statement re: Computation of Ratios

This exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

EX-12.1

Exhibit 12.1

Computation of Earnings to Fixed Charges


	Fiscal Year Ended December 31,
	2013			2012		2011		2010
	(Dollars in thousands)
(Loss) income before income taxes	$	(150,939	)	$	213,322	$	255,780	$	310,443

Fixed charges
Interest expense and amortization of debt issuance cost		138,782			—		—		—
Portion of rent estimated to represent interest factor		8,284			8,222		10,266		10,094

Total fixed charges	$	147,066		$	8,222	$	10,266	$	10,094

Income before income taxes plus fixed charges	$	(3,873	)	$	221,544	$	266,046	$	320,537

Ratio of earnings to fixed charges (2)		NM	(1)		27x		26x		32x

(1)	Due to the registrant’s loss in the year ended December 31, 2013, the ratio coverage was less than 1.1. The Company must generate additional earnings of $150,939 to achieve a coverage of 1:1.

(2)

The Company has omitted the ratio of earnings to fixed charges for the year ended December 31, 2009 from the data presented above due to a disproportionate and excessive level of time and expense involved in preparing this data. The 2009 financial information is maintained on an archived system and does not contain a sufficient level of detail to allow the Company to apply allocation methods consistent with the allocations of the most recent three year information presented. The omission of the ratio of earnings to fixed charges for 2009 does not have a material impact on the reader’s understanding of the Company’s financial results and condition and related trends.

Dates Referenced Herein

This ‘S-4/A’ Filing	Date	Other Filings

Filed on:	4/18/14	None on these Dates
	12/31/13
	12/31/09
		List all Filings

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Filing Submission 0001193125-14-149214 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)