Exhibit 12.1
Associated Materials, LLC
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
Years Ended | Years Ended | Quarter Ended | ||||||||||||||||||||||||||||||||
January 3, 2009 | January 2, 2010 | January 3, 2010 to October 12, 2010 | October 13, 2010 to January 1, 2011 | December 31, 2011 | December 29, 2012 | March 31, 2012 | March 30, 2013 | |||||||||||||||||||||||||||
Predecessor | Successor | |||||||||||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||||||||||||
Income (loss) before income taxes | $ | (23,335 | ) | $ | 23,048 | $ | (66,054 | ) | $ | (56,462 | ) | $ | (223,223 | ) | $ | (32,762 | ) | $ | (37,101 | ) | $ | (31,175 | ) | |||||||||||
Plus: Fixed charges | 93,727 | 88,812 | 67,895 | 18,621 | 87,982 | 87,544 | 21,821 | 21,848 | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||
Total earnings (loss) | $ | 70,392 | $ | 111,860 | $ | 1,841 | $ | (37,841 | ) | $ | (135,241 | ) | $ | 54,782 | $ | (15,280 | ) | $ | (9,327 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||
Fixed charges: | ||||||||||||||||||||||||||||||||||
Interest expense | $ | 82,567 | $ | 77,352 | $ | 58,759 | $ | 16,120 | $ | 75,729 | $ | 75,520 | $ | 18,687 | $ | 18,841 | ||||||||||||||||||
Plus: Imputed interest on operating leases | 11,160 | 11,460 | 9,136 | 2,501 | 12,253 | 12,024 | 3,134 | 3,007 | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||
Total fixed charges | $ | 93,727 | $ | 88,812 | $ | 67,895 | $ | 18,621 | $ | 87,982 | $ | 87,544 | $ | 21,821 | $ | 21,848 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||
Ratio of earnings to fixed charges | 0.75 | 1.26 | 0.03 | — (1 | ) | — (1 | ) | 0.63 | — (1 | ) | — (1 | ) | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) | For the predecessor year ended January 3, 2009, the predecessor period January 3, 2010 to October 12, 2010, the successor period October 13, 2010 to January 1, 2011, the years ended December 31, 2011 and December 29, 2012 and the quarters ended March 31, 2012 and March 30, 2013, earnings were not adequate to cover fixed charges by $23.3 million, $66.1 million, $56.5 million, $223.2 million, $32.8 million, $37.1 million and $31.1 million, respectively. |