Exhibit 12.1
American Tire Distributors Holdings, Inc.
Statement Regarding: Computation of Ratio of Earnings to Fixed Charges
(Amounts in thousands, except ratio amounts)
Predecessor 2 | Predecessor | Successor | ||||||||||||||||||||||||||||||||||||||||||
Three months Ended April 2, 2005 (unaudited) | Nine months Ended December 31, 2005 (unaudited) | Twelve months Ended December 30, 2006 (unaudited) | Twelve months Ended December 29, 2007 (unaudited) | Twelve months Ended January 3, 2009 (unaudited) | Twelve months Ended January 2, 2010 (unaudited) | Nine months Ended October 3, 2009 (unaudited) | Five months Ended May 28, 2010 (unaudited) | Four months Ended October 2, 2010 (unaudited) | ||||||||||||||||||||||||||||||||||||
Consolidated pretax income (loss) from operations | $ | (20,947 | ) | $ | (2,329 | ) | $ | (6,089 | ) | $ | 4,240 | $ | 21,044 | $ | 12,258 | $ | 4,700 | $ | (51,303 | ) | $ | (53,589 | ) | |||||||||||||||||||||
Interest | 3,682 | 41,359 | 60,065 | 61,633 | 59,169 | 54,415 | 41,345 | 32,669 | 21,462 | |||||||||||||||||||||||||||||||||||
Interest portion of rent expense | 2,214 | 7,010 | 9,957 | 11,169 | 12,390 | 15,822 | 11,853 | 6,599 | 5,510 | |||||||||||||||||||||||||||||||||||
Earnings | $ | (15,051 | ) | $ | 46,040 | $ | 63,933 | $ | 77,042 | $ | 92,603 | $ | 82,495 | $ | 57,898 | $ | (12,035 | ) | $ | (26,617 | ) | |||||||||||||||||||||||
Interest | $ | 3,682 | $ | 41,359 | $ | 60,065 | $ | 61,633 | $ | 59,169 | $ | 54,415 | $ | 41,345 | $ | 32,669 | $ | 21,462 | ||||||||||||||||||||||||||
Interest portion of rent expense | 2,214 | 7,010 | 9,957 | 11,169 | 12,390 | 15,822 | 11,853 | 6,599 | 5,510 | |||||||||||||||||||||||||||||||||||
Fixed Charges | $ | 5,896 | $ | 48,369 | $ | 70,022 | $ | 72,802 | $ | 71,559 | $ | 70,237 | $ | 53,198 | $ | 39,268 | $ | 26,972 | ||||||||||||||||||||||||||
Ratio of Earnings to Fixed Charges | — | (a) | — | (b) | — | (c) | 1.06 | 1.29 | 1.17 | 1.09 | — | (d) | — | (e) | ||||||||||||||||||||||||||||||
(a) | In first quarter fiscal 2005, earnings were insufficient to cover fixed charges by $20.9 million |
(b) | In the nine months ended December 31, 2005, earnings were insufficient to cover fixed charges by $2.3 million |
(c) | In the twelve months ended December 30, 2006, earnings were insufficient to cover fixed charges by $6.1 million |
(d) | In the five months ended May 28, 2010, earnings were insufficient to cover fixed charges by $51.3 million |
(e) | In the four months ended October 2, 2010, earnings were insufficient to cover fixed charges by $53.6 million |