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Euramax International, Inc.
Statement of Computation of Ratio of Earnings to Fixed Charges
| Years ended | Five months ended | Four months ended | Nine months ended | ||||||||||||||||||||||||||
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| December 25, 1998 | December 31, 1999 | December 29, 2000 | December 28, 2001 | December 27, 2002 | Pro forma (1) December 27, 2002 | May 23, 2003 | September 26, 2003 | Pro forma(1) September 26, 2003 | |||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||||||||
Earnings before income taxes | $ | 23,137 | $ | 22,576 | $ | 8,998 | $ | 10,251 | $ | 31,289 | $ | 29,303 | $ | 11,146 | $ | 13,833 | $ | 24,441 | ||||||||||||
Fixed charges | 26,289 | 24,475 | 28,259 | 27,599 | 25,278 | 24,456 | 10,348 | 8,372 | 18,366 | |||||||||||||||||||||
Total earnings | 49,426 | 47,051 | 37,257 | 37,850 | 56,567 | 53,759 | 21,494 | 22,205 | 42,807 | |||||||||||||||||||||
Fixed charges: | ||||||||||||||||||||||||||||||
Interest expense | 24,204 | 22,369 | 26,376 | 25,727 | 23,034 | 22,212 | 9,294 | 7,443 | 16,383 | |||||||||||||||||||||
Implicit interest in rent expense | 2,085 | 2,106 | 1,883 | 1,872 | 2,244 | 2,244 | 1,054 | 929 | 1,983 | |||||||||||||||||||||
Total fixed charges | 26,289 | 24,475 | 28,259 | 27,599 | 25,278 | 24,456 | 10,348 | 8,372 | 18,366 | |||||||||||||||||||||
Ratio of earnings to fixed charges | 1.88 | x | 1.92 | x | 1.32 | x | 1.37 | x | 2.24 | x | 2.20 | x | 2.08 | x | 2.65 | x | 2.33 | x | ||||||||||||
- (1)
- Giving pro forma effect to the transactions and assumptions described in "Unaudited Pro Forma Condensed Consolidated Financial Statements" as if they had occurred on December 29, 2001 and December 28, 2003, respectively.
Euramax International, Inc. Statement of Computation of Ratio of Earnings to Fixed Charges