Exhibit 12.1
NORTEK HOLDINGS, INC.
RATIO OF EARNINGS TO FIXED CHARGES
RATIO OF EARNINGS TO FIXED CHARGES
ACTUAL | ||||||||||||||||||||||||||||
YEAR ENDED | PERIOD FROM | PERIOD FROM | PERIOD FROM | PERIOD FROM | ||||||||||||||||||||||||
DECEMBER 31, | JAN. 1, 2004 TO | AUG 28, 2004 TO | JAN. 1, 2003 TO | JAN. 10, 2003 TO | ||||||||||||||||||||||||
2007 | 2006 | 2005 | AUG 27, 2004 | DEC 31, 2004 | JAN. 9, 2003 | DEC. 31, 2003 | ||||||||||||||||||||||
(IN MILLIONS EXCEPT RATIOS) | ||||||||||||||||||||||||||||
EARNINGS: | ||||||||||||||||||||||||||||
Earnings (loss) from continuing operations | 32.4 | 89.7 | 80.5 | (111.3 | ) | (2.2 | ) | (60.9 | ) | 62.1 | ||||||||||||||||||
Provision (benefit) for income taxes | 33.1 | 63.9 | 56.1 | (41.4 | ) | 4.3 | (21.8 | ) | 41.4 | |||||||||||||||||||
“Earnings” | 65.5 | 153.6 | 136.6 | (152.7 | ) | 2.1 | (82.7 | ) | 103.5 | |||||||||||||||||||
FIXED CHARGES: | ||||||||||||||||||||||||||||
Interest expense including amortization of debt expense and discount | 122.0 | 115.6 | 102.4 | 56.1 | 40.3 | 1.0 | 57.4 | |||||||||||||||||||||
Interest portion of rental expense | 15.5 | 13.3 | 10.8 | 6.4 | 3.4 | 0.2 | 8.2 | |||||||||||||||||||||
“Fixed Charges” | 137.5 | 128.9 | 113.2 | 62.5 | 43.7 | 1.2 | 65.6 | |||||||||||||||||||||
Earnings Available for Fixed Charges | 203.0 | 282.5 | 249.8 | (90.2 | ) | 45.8 | (81.5 | ) | 169.1 | |||||||||||||||||||
Ratio of Earnings to Fixed Charges | 1.5 | 2.2 | 2.2 | — | (1) | 1.0 | — | (1) | 2.6 | |||||||||||||||||||
ACTUAL | PRO FORMA | ||||||||||||||||
FIRST SIX MONTHS | FIRST SIX MONTHS | PRO FORMA | FIRST SIX MONTHS | ||||||||||||||
ENDED | ENDED | YEAR ENDED | ENDED | ||||||||||||||
JUNE 28, 2008 | JUNE 30, 2007 | DEC. 31, 2007 | JUNE 28, 2008 | ||||||||||||||
(IN MILLIONS EXCEPT RATIOS) | |||||||||||||||||
EARNINGS: | |||||||||||||||||
(Loss) earnings from continuing operations | (0.4 | ) | 27.9 | 14.3 | (4.6 | ) | |||||||||||
Provision for income taxes | 2.5 | 22.6 | 22.8 | 0.1 | |||||||||||||
“Earnings” | 2.1 | 50.5 | 37.1 | (4.5 | ) | ||||||||||||
FIXED CHARGES: | |||||||||||||||||
Interest expense including amortization of debt expense and discount | 58.7 | 60.0 | 150.4 | 75.2 | |||||||||||||
Interest portion of rental expense | 7.8 | 7.8 | 15.5 | 7.8 | |||||||||||||
“Fixed Charges” | 66.5 | 67.8 | 165.9 | 83.0 | |||||||||||||
Earnings Available for Fixed Charges | 68.6 | 118.3 | 203.0 | 78.5 | |||||||||||||
Ratio of Earnings to Fixed Charges | 1.0 | 1.7 | 1.2 | — | (1) | ||||||||||||
(1) | Earnings were insufficient to cover fixed charges by approximately $152.7 million, $82.7 million and $4.5 million for the period from January 1, 2004 to August 27, 2004, the period from January 1, 2003 to January 9, 2003 and the pro-forma results for the first six months ended June 28, 2008, respectively. |