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EXHIBIT 12.1
Penton Media Inc.
Ratio of Earnings to Fixed Charges
(Dollars in thousands)
Six Months
Ended
Twelve Months Ended December 31, June 30,
1996 1997 1998 1999 2000 2000
---- ---- ---- ---- ---- ----------
Income from continuing operations before income
taxes, adjustment for minority interests in
consolidated subsidiaries and income or
loss from equity investees $ 17,680 $ 25,069 $ 20,666 $ 23,447 $ 140,068 $ 132,593
Fixed Charges:
Interest expense 3 686 5,545 21,558 19,486 8,656
Amortization of deferred finance fees - - 184 1,597 302 147
Rental expense interest factor 1,780 1,826 1,909 2,488 2,812 1,370
---------- --------- --------- -------- --------- ----------
Total Fixed Charges 1,783 2,512 7,638 25,643 22,600 10,173
---------- --------- --------- -------- --------- ----------
Income from continuing operations before income
taxes, adjustment for minority interests in
consolidated subsidiaries and income or
loss from equity investees plus fixed charges $ 19,463 $ 27,581 $ 28,304 $ 49,090 $162,668 $142,766
========== ========= ========= ======== ======== ==========
Ratio of Earnings to Fixed Charges 10.9x 11.0x 3.7x 1.9x 7.2x 14.0x
Pro Forma Ratio of Earnings to
Fixed Charges After
Adjustment for Issuance of
Senior Subordinated Notes
Twelve Months
Ended December 31,
2000
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Income from continuing operations before
income taxes, adjustment for minority
interests in consolidated subsidiaries
and income or loss from equity investees
plus fixed charges $162,668
Fixed charges, as above 22,600
Adjustments:
Estimated net increases in interest expense
and amortization of deferred financing fees
from issuance of senior subordinated notes $13,326
------
Total Pro Forma Fixed Charges $35,926
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Pro Forma Ratio of Earnings to Fixed Charges 4.5x
On a historical and pro forma basis, earnings were insufficient to cover fixed
charges by $4.9 million and $8.5 million, respectively, for the six months ended
June 30, 2001 and consequently have not been disclosed.