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 | YEAR ENDED | |||||||||||||||||||||
DECEMBER | JAN. 1, 2009 | DEC. 20, 2009 | DECEMBER 31, | |||||||||||||||||||||
31, 2010 | TO DEC. 19, 2009 | TO DEC. 31, 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
(IN MILLIONS EXCEPT RATIOS) | ||||||||||||||||||||||||
EARNINGS: | ||||||||||||||||||||||||
Earnings (loss) from continuing operations | (13.4 | ) | 195.3 | (3.4 | ) | (780.7 | ) | 32.4 | 89.7 | |||||||||||||||
Provision (benefit) for income taxes | (11.6 | ) | 85.0 | (1.4 | ) | 26.9 | 33.1 | 63.9 | ||||||||||||||||
“Earnings” | (25.0 | ) | 280.3 | (4.8 | ) | (753.8 | ) | 65.5 | 153.6 | |||||||||||||||
FIXED CHARGES: | ||||||||||||||||||||||||
Interest expense including amortization of debt expense and discount | 95.7 | 135.6 | 3.6 | 134.7 | 122.0 | 115.6 | ||||||||||||||||||
Interest portion of rental expense | 16.1 | 15.8 | 0.6 | 16.1 | 15.5 | 13.3 | ||||||||||||||||||
“Fixed Charges” | 111.8 | 151.4 | 4.2 | 150.8 | 137.5 | 128.9 | ||||||||||||||||||
Earnings Available for Fixed Charges | 86.8 | 431.7 | (0.6 | ) | (603.0 | ) | 203.0 | 282.5 | ||||||||||||||||
Ratio of Earnings to Fixed Charges (1) | — | 2.9 | — | — | 1.5 | 2.2 | ||||||||||||||||||
ACTUAL | ||||||||
FIRST NINE MONTHS ENDED | ||||||||
OCTOBER 1, 2011 | OCTOBER 2, 2010 | |||||||
(IN MILLIONS EXCEPT RATIOS) | ||||||||
EARNINGS: | ||||||||
(Loss) earnings from continuing operations | (55.1 | ) | (3.3 | ) | ||||
Provision for income taxes | (22.9 | ) | (8.5 | ) | ||||
“Earnings” | (78.0 | ) | (11.8 | ) | ||||
FIXED CHARGES: | ||||||||
Interest expense including amortization of debt expense and discount | 81.0 | 69.9 | ||||||
Interest portion of rental expense | 12.1 | 12.1 | ||||||
“Fixed Charges” | 93.1 | 82.0 | ||||||
Earnings Available for Fixed Charges | 15.1 | 70.2 | ||||||
Ratio of Earnings to Fixed Charges (1) | — | — | ||||||
(1) | These ratios are computed by dividing the total earnings by the total fixed charges. For purposes of calculating this ratio, “Earnings” consist of earnings from continuing operations before provision for income taxes and fixed charges. “Fixed Charges” consist of interest expense and the estimated interest portion of rental payments on operating leases. Earnings were insufficient to cover fixed charges for the historical results for the first nine months ended October 1, 2011 and October 2, 2010, the year ended December 31, 2010, the period from December 20, 2009 to December 31, 2009 and the year ended December 31, 2008 by approximately $78.0 million, $11.8 million, $25.0 million, $4.8 million and $753.8 million, respectively. |