Exhibit 12.1
GLOBAL GEOPHYSICAL SERVICES, INC. AND SUBSIDIARIES |
Statement Regarding Computation of Ratio of Earnings to Fixed Charges |
(In thousands, except ratio amounts) |
2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||
Earnings Before Fixed Charges: | ||||||||||||||||||||
Income (loss) before income taxes | $ | 19,120 | $ | (38,954 | ) | $ | 738 | $ | (2,019 | ) | $ | 7,378 | ||||||||
Add fixed charges | 36,624 | 26,408 | 25,160 | 33,681 | 17,208 | |||||||||||||||
Income (loss) before fixed charges | 55,744 | (12,546 | ) | 25,898 | 31,662 | 24,586 | ||||||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest expense, net | 25,259 | 21,269 | 18,613 | 22,384 | 10,745 | |||||||||||||||
Estimate of interest expense within rental expense | 11,365 | 5,140 | 6,546 | 11,297 | 6,463 | |||||||||||||||
Total fixed charges | 36,624 | 26,409 | 25,159 | 33,681 | 17,208 | |||||||||||||||
Deficiency of earnings available to cover fixed charges | $ | - | $ | (38,954 | ) | $ | - | $ | (2,019 | ) | $ | - | ||||||||
Ratio of earnings to fixed charges | 1.52 | - | 1.03 | - | 1.43 |