EXHIBIT 12.1
Alliance Laundry Holdings Inc.
Earnings to Fixed charges
(In thousands, except ratio data)
| Year Ended December 31, 2007 | Year Ended December 31, 2006 | January 28, 2005 through December 31, 2005 | January 1, 2005 through January 27, 2005 |
Years Ended | |||||||||||||||||
| 2004 | 2003 | ||||||||||||||||||||
| Successor | Successor | Successor | Predecessor | Predecessor | Predecessor | ||||||||||||||||
Earnings: | |||||||||||||||||||||
Income (loss) before taxes | $ | 16,754 | $ | (5,950 | ) | $ | (1,819 | ) | $ | (28,383 | ) | $ | 11,836 | $ | 15,974 | ||||||
Fixed charges: | |||||||||||||||||||||
Interest expense | 34,747 | 31,177 | 24,117 | 995 | 25,439 | 28,258 | |||||||||||||||
Rentals | 690 | 906 | 476 | 25 | 441 | 360 | |||||||||||||||
Income (loss) before taxes and fixed charges | $ | 52,191 | $ | 26,133 | $ | 22,774 | $ | (27,363 | ) | $ | 37,716 | $ | 44,592 | ||||||||
Fixed Charges | $ | 35,437 | $ | 32,083 | $ | 24,593 | $ | 1,020 | $ | 25,880 | $ | 28,618 | |||||||||
Ratio of earnings to fixed charges | 1.5 | — | — | — | 1.5 | 1.6 | |||||||||||||||
(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 2006 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 $5.9 million. In 2005 the Successor earnings were inadequate to cover fixed charges. The amount of incremental earnings required to attain an earnings to fixed charges ratio of 1.0 to 1.0 in 2005 would have been $1.8 million. In 2005 the Predecessor earnings were inadequate to cover fixed charges. The amount of incremental earnings required to attain an earnings to fixed charges ratio of 1.0 to 1.0 in 2005 would have been $28.4 million. The ratio of earnings to fixed charges is not shown for the combined period as the information would not be meaningful.