Exhibit 12.1
PLY GEM HOLDINGS, INC. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
Fiscal Year Ended December 31, | For the three | For the three | ||||||||||||||||||||||||||
months ended | months ended | |||||||||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | April 3, 2010 | April 4, 2009 | ||||||||||||||||||||||
(unaudited) | (unaudited) | |||||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||||||
Earnings (loss) from continuing operations | $ | (76,752 | ) | $ | (498,475 | ) | $ | 4,982 | $ | 7,062 | $ | 21,217 | $ | 54,102 | $ | (55,538 | ) | |||||||||||
Provision (benefit) for income taxes | (17,966 | ) | (69,951 | ) | 3,634 | 4,147 | 12,651 | 6,532 | (11,049 | ) | ||||||||||||||||||
Earnings (loss) | (94,718 | ) | (568,426 | ) | 8,616 | 11,209 | 33,868 | 60,634 | (66,587 | ) | ||||||||||||||||||
Fixed charges: | ||||||||||||||||||||||||||||
Interest expense including amortization | ||||||||||||||||||||||||||||
of debt expense and discount (premium) | 135,514 | 138,015 | 99,698 | 76,680 | 57,657 | 34,007 | 33,756 | |||||||||||||||||||||
Interest portion of rental expense | 7,830 | 9,090 | 7,119 | 5,190 | 4,110 | 2,251 | 1,958 | |||||||||||||||||||||
Fixed Charges | 143,344 | 147,105 | 106,817 | 81,870 | 61,767 | 36,258 | 35,714 | |||||||||||||||||||||
Earnings (loss) available for fixed charges | $ | 48,626 | $ | (421,321 | ) | $ | 115,433 | $ | 93,079 | $ | 95,635 | $ | 96,892 | $ | (30,874 | ) | ||||||||||||
Ratio of earnings to fixed charges (1) | - | - | 1.1 | x | 1.1 | x | 1.5 | x | 2.7 | x | - | |||||||||||||||||
(1) For the years ended December 31, 2009 and 2008, the deficiency in the ratio of earnings to fixed charges to achieve a one to one ratio was $568.4 million and $94.7 million, respectively, which resulted from the depressed residential U.S. housing market. For the three months ended April 4, 2009, the deficiency in the ratio of earnings to fixed charges to achieve a one to one ratio was $66.6 million. |