EXHIBIT 12.1
AFFINITY GROUP, INC.
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
| | Years ended December 31, | | Three months ended March | |
| | 2003 Proforma | | 2003 | | 2002 | | 2001 | | 2000 | | 1999 | | 2004 Proforma | | 2004 | | 2003 | |
Earnings: | | | | | | | | | | | | | | | | | | | |
Income (loss) from continuing operations before income taxes | | $21,108 | | $39,231 | | $35,750 | | $18,584 | | $23,185 | | $26,235 | | $3,254 | | $5,446 | | $8,673 | |
Fixed charges | | 26,429 | | 7,263 | | 6,232 | | 12,888 | | 15,891 | | 14,920 | | 6,225 | | 4,033 | | 1,331 | |
Earnings as adjusted | | 47,537 | | 46,494 | | 41,982 | | 31,472 | | 39,076 | | 41,155 | | 9,479 | | 9,479 | | 10,004 | |
Fixed Charges: | | | | | | | | | | | | | | | | | | | |
Interest expenses (includes amortization of deferred financing fees but excludes write-off of deferred financing fees) and a portion of rental expense determined to represent Interest | | 26,429 | | 7,263 | | 6,232 | | 12,888 | | 15,891 | | 14,920 | | 6,225 | | 4,033 | | 1,331 | |
Ratio of earnings to fixed charges: | | 1.8 | x | 6.4 | x | 6.7 | x | 2.4 | x | 2.5 | x | 2.8 | x | 1.5 | x | 2.4 | x | 7.5 | x |
In calculating the ratio of earnings to fixed charges, earnings consist of (loss) income before income taxes plus fixed charges. Fixed charges consist of interest expense (which includes the amortization of deferred financing fees but excludes the write-off of deferred financing fees) and a portion of rental expense determined to represent interest based on imputed interest rates.