Exhibit 12.1
FOSSIL GROUP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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| 13 weeks ended |
| Fiscal year ended |
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| April 4, 2015 |
| 2014 |
| 2013 |
| 2012 |
| 2011 |
| 2010 |
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| (Amounts in dollars, except ratios) |
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Pre-tax income from continuing operations before adjustment for income or loss from equity investees |
| $ | 59,161,905 |
| $ | 558,078,636 |
| $ | 561,467,029 |
| $ | 492,222,231 |
| $ | 451,559,247 |
| $ | 384,209,882 |
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Equity Adjustments: |
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Distributed income of equity investees |
| — |
| — |
| — |
| 1,870,000 |
| 2,226,000 |
| 4,726,000 |
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Noncontrolling interest in pretax income of subsidiaries that have not incurred fixed charges |
| (2,568,148 | ) | (9,904,472 | ) | (9,896,015 | ) | (10,858,201 | ) | (12,700,055 | ) | (9,685,000 | ) | ||||||
Fixed Charges: |
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Interest expensed, amortized premiums, and discounts related to indebtedness |
| 4,177,984 |
| 15,898,258 |
| 9,548,183 |
| 5,159,961 |
| 2,390,759 |
| 1,119,004 |
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Estimate of the interest within rental expense (1) |
| 17,622,720 |
| 68,506,714 |
| 58,083,173 |
| 47,283,331 |
| 38,581,611 |
| 31,865,555 |
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Total Fixed Charges |
| 21,800,704 |
| 84,404,972 |
| 67,631,356 |
| 52,443,292 |
| 40,972,370 |
| 32,984,559 |
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Earnings before income taxes and fixed charges |
| $ | 78,394,461 |
| $ | 632,579,136 |
| $ | 619,202,371 |
| $ | 535,677,321 |
| $ | 482,057,563 |
| $ | 412,235,442 |
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Ratio of Earnings to Fixed Charges |
| 3.60 | x | 7.49 | x | 9.16 | x | 10.21 | x | 11.77 | x | 12.50 | x | ||||||
(1) Interest portion of rental expense represents 35.95% of rental expense, which we deem to be a reasonable approximation of the interest factor.