EXHIBIT 12.1 STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES REEBOK INTERNATIONAL LTD. (Amounts in Thousands) Three Months Ended March Fiscal Years ---------------- ----------------------------------------------- 2002 2001 2001 2000 1999 1998 1997 ------- ------- -------- -------- ------- -------- -------- Earnings Pretax Income........................ $54,398 $60,226 $151,026 $129,878 $21,138 $ 35,852 $147,609 Add: Interest on indebtedness........... 5,283 7,452 30,982 38,271 49,691 60,671 64,365 Amortization of debt discount and issuance costs................... 73 100 393 231 344 363 399 Portions of rent representative of 4,274 4,620 18,480 15,821 15,395 15,104 15,123 the interest factor.............. ------- ------- -------- -------- ------- -------- -------- Income as adjusted................... $64,028 $72,398 $200,881 $184,201 $86,568 $111,990 $227,496 ======= ======= ======== ======== ======= ======== ======== Fixed Charges Interest on indebtedness........... $ 5,283 $ 7,452 $ 30,982 $ 38,271 $49,691 $ 60,671 $ 64,365 Amortization of debt discount and issuance costs................... 73 100 393 231 344 363 399 Portions of rent representative of 4,274 4,620 18,480 15,821 15,395 15,104 15,123 the interest factor.............. ------- ------- -------- -------- ------- -------- -------- Fixed charges........................ $ 9,630 $12,172 $ 49,855 $ 54,323 $65,430 $ 76,138 $ 79,887 ======= ======= ======== ======== ======= ======== ======== Ratio of earnings to fixed charges... 6.65 5.95 4.03 3.39 1.32 1.47 2.85