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 | Successor | |||||||||||||||||||||||||
Twelve months Ended January 2, 2010 (unaudited) | Five months Ended May 28, 2010 (unaudited) | Seven months Ended January 1, 2011 (unaudited) | Twelve months Ended December 31, 2011 (unaudited) | Twelve months Ended December 29, 2012 (unaudited) | Twelve months Ended December 28, 2013 (unaudited) | |||||||||||||||||||||
Consolidated pretax income (loss) from operations | $ | 12,258 | $ | (51,303 | ) | $ | (59,607 | ) | $ | 4,474 | $ | (20,024 | ) | $ | (10,302 | ) | ||||||||||
Fixed charges | 70,561 | 39,288 | 47,144 | 87,488 | 98,673 | 106,502 | ||||||||||||||||||||
Interest capitalized | (324 | ) | (20 | ) | (15 | ) | (409 | ) | (1,103 | ) | (1,556 | ) | ||||||||||||||
Amortization of interest capitalized | 40 | 39 | 67 | 129 | 230 | 391 | ||||||||||||||||||||
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Earnings | $ | 82,535 | $ | (11,995 | ) | $ | (12,410 | ) | $ | 91,682 | $ | 77,776 | $ | 95,035 | ||||||||||||
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Interest expense | $ | 54,415 | $ | 32,669 | $ | 37,391 | $ | 67,580 | $ | 72,918 | $ | 74,284 | ||||||||||||||
Interest capitalized | 324 | 20 | 15 | 409 | 1,103 | 1,556 | ||||||||||||||||||||
Interest portion of rent expense | 15,822 | 6,599 | 9,738 | 19,499 | 24,652 | 30,662 | ||||||||||||||||||||
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Fixed Charges | $ | 70,561 | $ | 39,288 | $ | 47,144 | $ | 87,488 | $ | 98,673 | $ | 106,502 | ||||||||||||||
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Ratio of Earnings to Fixed Charges | 1.17 | — | (a) | — | (b) | 1.05 | — | (c) | — | (d) | ||||||||||||||||
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(a) | In the five months ended May 28, 2010, earnings were insufficient to cover fixed charges by $51.3 million |
(b) | In the seven months ended January 1, 2011, earnings were insufficient to cover fixed charges by $59.6 million |
(c) | In the twelve months ended December 29, 2012 earnings were insufficient to cover fixed charges by $20.9 million |
(d) | In the twelve months ended December 28, 2013 earnings were insufficient to cover fixed charges by $11.5 million |