Exhibit 12.1
FIVE STAR QUALITY CARE, INC.
Computation of Ratio of Earnings to Fixed Charges
(in thousands except ratios)
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| Year ended December 31, |
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| 2012 |
| 2011 |
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| (Restated) |
| (Restated) |
| 2010 |
| 2009 |
| 2008 |
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Consolidated earnings |
| $ | 135,055 |
| $ | 182,310 |
| $ | 182,291 |
| $ | 168,768 |
| $ | 131,608 |
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Consolidated fixed charges |
| 115,643 |
| 166,130 |
| 156,137 |
| 125,788 |
| 117,917 |
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Ratio of consolidated earnings to fixed charges |
| 1.2x |
| 1.1x |
| 1.2x |
| 1.3x |
| 1.1x |
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Calculation of consolidated earnings: |
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Income from continuing operations before income taxes and equity in earnings (losses) of Affiliates Insurance Company |
| $ | 19,412 |
| $ | 16,180 |
| $ | 26,154 |
| $ | 42,980 |
| $ | 13,691 |
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Fixed charges |
| 115,643 |
| 166,130 |
| 156,137 |
| 125,788 |
| 117,917 |
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Consolidated earnings |
| $ | 135,055 |
| $ | 182,310 |
| $ | 182,291 |
| $ | 168,768 |
| $ | 131,608 |
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Calculation of consolidated fixed charges: |
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Interest expense |
| $ | 6,390 |
| $ | 4,171 |
| $ | 2,945 |
| $ | 4,235 |
| $ | 6,070 |
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Amortization of debt discounts / premium |
| 206 |
| 83 |
| — |
| — |
| 34 |
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Amortization of deferred finance costs |
| 107 |
| 123 |
| 100 |
| 130 |
| 233 |
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Estimated interest component of rent expense |
| 108,940 |
| 161,753 |
| 153,092 |
| 121,423 |
| 111,580 |
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Fixed charges |
| $ | 115,643 |
| $ | 166,130 |
| $ | 156,137 |
| $ | 125,788 |
| $ | 117,917 |
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