EXHIBIT 12.1
Alliance Laundry Holdings Inc
Earnings to Fixed Charges
January 28, 2005 | January 1, 2005 | Years Ended December 31, | ||||||||||||||||||||
| 2004 | 2003 | 2002 | 2001 | |||||||||||||||||||
| Successor | Predecessor | Predecessor | Predecessor | Predecessor | Predecessor | |||||||||||||||||
Earnings: | ||||||||||||||||||||||
Income (loss) before taxes | $ | (1,819 | ) | $ | (28,383 | ) | $ | 11,836 | $ | 15,974 | $ | 1,391 | $ | 2,764 | ||||||||
Fixed charges: | ||||||||||||||||||||||
Interest expense | 24,117 | 995 | 25,439 | 28,258 | 28,341 | 33,538 | ||||||||||||||||
Rentals | 476 | 25 | 441 | 360 | 337 | 363 | ||||||||||||||||
Income (loss) before taxes and fixed charges | $ | 22,774 | $ | (27,363 | ) | $ | 37,716 | $ | 44,592 | $ | 30,069 | $ | 36,665 | |||||||||
Fixed Charges | $ | 24,593 | $ | 1,020 | $ | 25,880 | $ | 28,618 | $ | 28,678 | $ | 33,901 | ||||||||||
Ratio of earnings to fixed charges | — | — | 1.46 | 1.56 | 1.05 | 1.08 | ||||||||||||||||
(a) For purposes of determining the ratio of earnings to fixed charges, earnings are defined as income (loss) before income taxes and cumulative effect of change in accounting principle plus fixed charges. Fixed charges include interest expense on all indebtedness, amortization of deferred financing costs and one-third of rental expense on operating leases, representing that portion of rental expense deemed to be attributable to interest. In 2005, the Successor earnings were inadequate to cover fixed charges. The amount of incremental earnings required to attain a ratio of 1.0 to 1.0 is less than $1.8 million. In 2005, the Predecessor earnings were inadequate to cover fixed charges. The amount of incremental earnings required to attain a ratio of 1.0 to 1.0 is $28.4 million.