Exhibit 12.1
PLY GEM HOLDINGS, INC. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
Fiscal Year Ended December 31, | ||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Earnings (loss) from continuing operations | $ | (76,752 | ) | $ | (498,475 | ) | $ | 4,982 | $ | 7,062 | $ | 21,217 | ||||||||
Provision (benefit) for income taxes | (17,966 | ) | (69,951 | ) | 3,634 | 4,147 | 12,651 | |||||||||||||
Earnings (loss) | (94,718 | ) | (568,426 | ) | 8,616 | 11,209 | 33,868 | |||||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest expense including amortization | ||||||||||||||||||||
of debt expense and discount (premium) | 135,514 | 138,015 | 99,698 | 76,680 | 57,657 | |||||||||||||||
Interest portion of rental expense | 7,830 | 9,090 | 7,119 | 5,190 | 4,110 | |||||||||||||||
Fixed Charges | 143,344 | 147,105 | 106,817 | 81,870 | 61,767 | |||||||||||||||
Earnings (loss) available for fixed charges | $ | 48,626 | $ | (421,321 | ) | $ | 115,433 | $ | 93,079 | $ | 95,635 | |||||||||
Ratio of earnings to fixed charges (1) | - | - | 1.1 | x | 1.1 | x | 1.5 | 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. |