Exhibit 12.1
ALTRA HOLDINGS, INC.
RATIO OF EARNINGS TO FIXED CHARGES
RATIO OF EARNINGS TO FIXED CHARGES
Year-ended | Year-ended | Year-ended | Year-ended | Year-ended | ||||||||||||||||||||||||
12/31/09 | 12/31/08 | 12/31/07 | 12/31/06 | 12/31/05 | ||||||||||||||||||||||||
Net income (loss) | (2,314 | ) | 6,494 | 11,511 | 10,363 | 4,444 | ||||||||||||||||||||||
Adjustments to net income (loss): | ||||||||||||||||||||||||||||
(Gain) loss from discontinued operations | (224 | ) | 2,001 | — | — | |||||||||||||||||||||||
Interest expense | 32,976 | 28,339 | 38,554 | 23,522 | 17,065 | |||||||||||||||||||||||
Interest component of operating rental expense | 288 | 437 | 356 | 528 | 344 | |||||||||||||||||||||||
Income taxes | (2,314 | ) | 16,731 | 8,208 | 6,352 | 3,917 | ||||||||||||||||||||||
Earnings | 28,636 | 51,777 | 60,630 | 40,765 | 25,770 | |||||||||||||||||||||||
Fixed charges: | ||||||||||||||||||||||||||||
Interest expense, net | 32,976 | 28,339 | 38,554 | 23,522 | 17,065 | |||||||||||||||||||||||
Interest component of operating rental expense (see calculation below) | 288 | 437 | 356 | 528 | 344 | |||||||||||||||||||||||
Total fixed charges | 33,264 | 28,776 | 38,910 | 24,050 | 17,409 | |||||||||||||||||||||||
Ratio (1) (2) | — | 1.80 | 1.56 | 1.70 | 1.48 |
( 1 ) | For purposes of calculating the ratio of earnings to fixed charges, earnings represent income before income taxes, discontinued operations, cumulative effect of change in accounting principle charges and fixed charges. Fixed charges represent interest expense and a portion of rental expense which we believe is representative of the interest component of rental expense. | |
( 2 ) | Earnings were insufficient to cover fixed charges in the year ended December 31, 2009 by $4.6 million. |