Exhibit 12.1
Tempur-Pedic International Inc.
Ratio of Earnings To Fixed Charges (Unaudited)
Pre-Predecessor | Predecessor | Tempur-Pedic International Inc. | |||||||||||||
(a) | |||||||||||||||
Twelve Months Ended | Twelve Months Ended December 31, 2000 | Twelve Months Ended December 31, 2001 | Period from October 31, | Period from December 31, | Twelve Months Ended December 31, 2003 | ||||||||||
FIXED CHARGES: | |||||||||||||||
Interest Expense | — | 4,626,238 | 6,952,564 | 6,604,562 | 3,046,460 | 18,929,319 | |||||||||
Interest Portion of Rental Expense (b) | — | 70,193 | 44,987 | 105,365 | 4,358 | 228,444 | |||||||||
Amortization of debt issue costs and | |||||||||||||||
Discount or Premium Relating to Indebtedness | — | — | 159,073 | 1,115,608 | 370,969 | 2,266,685 | |||||||||
TOTAL FIXED CHARGES | — | 4,696,431 | 7,156,624 | 7,825,535 | 3,421,787 | 21,424,448 | |||||||||
EARNINGS: | |||||||||||||||
Income From Continuing Operation | |||||||||||||||
Before Income Taxes | — | 19,265,000 | 23,500,000 | 32,377,000 | (1,965,000 | ) | 61,201,742 | ||||||||
Fixed charges | — | 4,696,431 | 7,156,624 | 7,825,535 | 3,421,787 | 21,424,448 | |||||||||
TOTAL | — | 23,961,431 | 30,656,624 | 40,202,535 | 1,456,787 | 82,626,190 | |||||||||
RATIO OF EARNINGS TO FIXED CHARGES | — | 5.10 | 4.28 | 5.14 | 0.43 | 3.86 |
(a) | The pre-predecessor consolidated information is unavailable for these periods. |
(b) | Interest portion of rental expense is based upon 11.1% the average imputed interest rate within the Company’s operating leases. |