<Page> EXHIBIT 12.1: STATEMENT RE COMPUTATION OF RATIO OF EARNINGS. REEBOK INTERNATIONAL LTD. (Amounts in Thousands) <Table> <Caption> DECEMBER DECEMBER 2003 2002 ------------ ------------ Earnings Pretax Income $ 229,373 $ 192,098 Add: Interest on indebtedness 25,590 23,848 Amortization of debt discount and issuance costs 447 441 Portions of rent representative of the interest factor 19,443 19,393 ------------ ------------ Income as adjusted $ 274,853 $ 235,780 ============ ============ Fixed Charges Interest on indebtedness $ 25,590 $ 23,848 Amortization of debt discount and issuance costs 447 441 Portions of rent representative of the interest factor 19,443 19,393 ------------ ------------ Fixed charges $ 45,480 $ 43,682 ============ ============ Ratio of earnings to fixed charges 6.04 5.40 </Table>