Exhibit 12.1
Goodman Global, Inc.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
Year Ended December 31, | |||||||||||||||
2002 | 2003 | 2004 | 2005 | 2006 | |||||||||||
Earnings: | |||||||||||||||
Income (loss) from continuing operations before income taxes | 67,692 | 89,111 | 42,644 | 40,697 | 98,355 | ||||||||||
Fixed charges | 48,144 | 28,186 | 15,058 | 78,450 | 83,512 | ||||||||||
Capitalized Interest | — | — | — | (879 | ) | (1,347 | ) | ||||||||
Total adjustments | 48,144 | 28,186 | 15,058 | 78,450 | 83,512 | ||||||||||
Earnings adjusted for fixed charges | 115,836 | 117,297 | 57,702 | 119,147 | 181,867 | ||||||||||
Fixed charges: | |||||||||||||||
Interest expense | 46,168 | 26,081 | 12,478 | 74,213 | 77,825 | ||||||||||
Capitalized Interest | 879 | 1,347 | |||||||||||||
Portion of rent expense representative of interest (1) | 1,976 | 2,105 | 2,580 | 3,358 | 4,340 | ||||||||||
Total fixed charges | 48,144 | 28,186 | 15,058 | 78,450 | 83,512 | ||||||||||
Ratio of earnings to fixed charges | 2.4 | 4.2 | 3.8 | 1.5 | 2.2 | ||||||||||
ESTIMATE OF INTEREST WITHIN RENTAL EXPENSE | |||||||||||||||
Total Rent expense (per historical financial statements) | 10,800 | 11,500 | 14,100 | 18,351 | 23,717 | ||||||||||
Estimated percentage | 18 | % | 18 | % | 18 | % | 18 | % | 18 | % | |||||
Estimated interest within rental expense | 1,976 | 2,105 | 2,580 | 3,358 | 4,340 | ||||||||||