Exhibit 12.1
Easton-Bell Sports, Inc.
Computation of Ratio of Earnings to Fixed Charges
| Fiscal Year Ended | First Quarter Ended | Pro Forma Fiscal Year Ended January 2, 2010 | |||||||||||||||||||||||||
| December 31, 2005 | December 30, 2006 | December 29, 2007 | January 3, 2009 | January 2, 2010 | April 4, 2009 | April 3, 2010 | |||||||||||||||||||||
| (IN THOUSANDS EXCEPT RATIOS) | |||||||||||||||||||||||||||
EARNINGS: | |||||||||||||||||||||||||||
Net income (loss) | $ | 3,082 | $ | (5,852 | ) | $ | 14,469 | $ | 13,413 | $ | (4,098 | ) | $ | 975 | $ | 122 | $ | (873 | ) | ||||||||
Income tax expense (benefit) | 4,321 | (1,408 | ) | 11,432 | 18,004 | 4,646 | 626 | 82 | 6,622 | ||||||||||||||||||
“Earnings” | $ | 7,403 | $ | (7,260 | ) | $ | 25,901 | $ | 31,417 | $ | 548 | $ | 1,601 | $ | 204 | 5,749 | |||||||||||
FIXED CHARGES: | |||||||||||||||||||||||||||
Interest expense including amortization of debt expense and discount | $ | 21,887 | 42,401 | 41,590 | 41,909 | 44,910 | 8,323 | 11,512 | 45,139 | ||||||||||||||||||
Interest portion of rental expense | 421 | 701 | 861 | 869 | 882 | 217 | 220 | 882 | |||||||||||||||||||
“Fixed Charges” | $ | 22,308 | $ | 43,102 | $ | 42,451 | $ | 42,778 | $ | 45,792 | $ | 8,544 | $ | 11,732 | $ | 46,021 | |||||||||||
Earnings available for Fixed Charges | $ | 29,711 | $ | 35,842 | $ | 68,352 | $ | 74,195 | $ | 46,340 | $ | 10,145 | $ | 11,936 | $ | 51,770 | |||||||||||
Ratio of Earnings to Fixed Charges | 1.3 | N/A | 1.6 | 1.7 | 1.0 | 1.2 | 1.0 | 1.1 | |||||||||||||||||||
Amount by which earnings available for fixed charges is insufficient to cover fixed charges | — | $ | (7,260 | ) | — | — | — | — | — | — | |||||||||||||||||
For the year ended December 30, 2006, earnings before fixed charges were insufficient to cover fixed charges by approximately $7,260.
