EXHIBIT 12.1 REEBOK INTERNATIONAL LTD. (Amounts in Thousands) December December December December December 2001 2000 1999 1998 1997 -------- -------- ------- -------- -------- Earnings Pretax Income............................ $151,026 $129,878 $21,138 $ 35,852 $147,609 Add: Interest on indebtedness............... 30,982 38,271 49,691 60,671 64,365 Amortization of debt discount and 393 231 344 363 399 issuance costs....................... Portions of rent representative of 18,480 15,821 15,395 15,104 15,123 the interest factor.................. -------- -------- ------- -------- -------- Income as adjusted....................... $200,881 $184,201 $86,568 $111,990 $227,496 ======== ======== ======= ======== ======== Fixed Charges Interest on indebtedness............... $ 30,982 $ 38,271 $49,691 $ 60,671 $ 64,365 Amortization of debt discount and 393 231 344 363 399 issuance costs....................... Portions of rent representative of 18,480 15,821 15,395 15,104 15,123 the interest factor.................. -------- -------- ------- -------- -------- Fixed charges............................ $ 49,855 $ 54,323 $65,430 $ 76,138 $ 79,887 ======== ======== ======= ======== ======== Ratio of earnings to fixed charges....... 4.03 3.39 1.32 1.47 2.85