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Exhibit 12.1
ZELTIQ Aesthetics, Inc.
Ratio of Earnings to Fixed Charges
The following table sets forth the calculation of the ratio of earnings to fixed charges for the periods indicated.
(In thousands)

 
 
 
Year Ended December 31,
 
2015
 
2014
 
2013
 
2012
 
2011
 
2010
Earnings (loss), calculated as follows:
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations before income taxes
$
3,332

 
$
1,762

 
$
(19,165
)
 
$
(30,002
)
 
$
(9,555
)
 
$
(13,533
)
Add: Fixed charges
828

 
501

 
450

 
396

 
410

 
720

Total earnings (loss), as defined
4,160

 
2,263

 
$
(18,715
)
 
(29,606
)
 
(9,145
)
 
(12,813
)
Fixed Charges, calculated as follows:
 
 
 
 
 
 
 
 
 
 
 
Interest expensed
$
14

 
$
—

 
$
—

 
$
2

 
$
72

 
$
449

Amortized premiums, discounts and capitalized expenses related to indebtedness
—

 
—

 
—

 
—

 
49

 
49

Estimate of interest within rental expense (1)
814

 
501

 
450

 
394

 
289

 
222

Total fixed charges
$
828

 
$
501

 
$
450

 
$
396

 
$
410

 
$
720

Earnings (deficiency of earnings), as defined, to cover fixed charges
$
4,160

 
$
2,263

 
$
(19,165
)
 
$
(30,002
)

$
(9,555
)

$
(13,533
)
Ratio of earnings to fixed charges (2)
5.02

 
4.52

 
—

 
—

—

—

—

—


(1) Interest component of rental expense is estimated to equal 1/3 of all such expense, which management believes is a reasonable approximation of the interest factor.

(2) Due to the registrant's losses in 2009 through 2013, the ratio information is not applicable.