EXHIBIT 12.1
LENDINGTREE, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
(unaudited)
| Nine Months Ended September 30, | Years Ended December 31, | |||||||||||||||||||||||
| 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Add – | ||||||||||||||||||||||||
Pre-tax income (loss) from continuing operations | $ | 20,203 | $ | (971 | ) | $ | (1,126 | ) | $ | (3,732 | ) | $ | (61,477 | ) | $ | (33,545 | ) | |||||||
Fixed charges | 426 | 372 | 406 | 1,773 | 1,904 | 1,718 | ||||||||||||||||||
Amortization of capitalized interest | — | — | — | — | — | — | ||||||||||||||||||
Less – | ||||||||||||||||||||||||
Interest capitalized | — | — | — | — | — | — | ||||||||||||||||||
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Total adjusted earnings (loss) | $ | 20,629 | (599 | ) | (720 | ) | (1,959 | ) | (59,573 | ) | (31,827 | ) | ||||||||||||
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Fixed charges: | ||||||||||||||||||||||||
Interest expense | $ | 133 | 2 | 33 | 912 | 372 | 473 | |||||||||||||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness | — | — | — | — | — | — | ||||||||||||||||||
An estimate of the interest within rental expense | 293 | 370 | 373 | 861 | 1,532 | 1,245 | ||||||||||||||||||
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Total fixed charges | $ | 426 | 372 | 406 | 1,773 | 1,904 | 1,718 | |||||||||||||||||
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Ratio of earnings to fixed charges | 48.4 | * | * | * | * | * | ||||||||||||||||||
Additional earnings required to have a one-to-one ratio of earnings to fixed charges | $ | — | $ | 971 | $ | 1,126 | $ | 3,732 | $ | 61,477 | $ | 33,545 | ||||||||||||
| * | Ratio of earnings to fixed charges was less than one-to-one for this period. |
