Exhibit 12.1
EXIDE TECHNOLOGIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except ratio of earnings to fixed charges data)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except ratio of earnings to fixed charges data)
| 2007 | 2008 | 2009 | 2010 | 2011 | ||||||||||||||||
Fixed Charges: | ||||||||||||||||||||
| Interest expense (not including amortization of costs shown below | $ | 84,942 | $ | 78,817 | $ | 64,806 | $ | 53,829 | $ | 56,812 | ||||||||||
| Amortization of deferred financing costs | 3,478 | 4,900 | 5,034 | 5,004 | 4,798 | |||||||||||||||
| Amortization of original issue discount on notes | — | — | — | — | — | |||||||||||||||
| Interest capitalized | 1,191 | 1,294 | 896 | 1,716 | 1,807 | |||||||||||||||
| Estimated interest expense within rent expense | 18,348 | 18,447 | 18,216 | 17,325 | 16,335 | |||||||||||||||
Total Fixed Charges | $ | 107,959 | $ | 103,458 | $ | 88,952 | $ | 77,874 | $ | 79,752 | ||||||||||
Earnings: | ||||||||||||||||||||
| Pre-tax income (loss) before minority interest and equity income and cumulative effect of change in accounting principle | $ | (100,470 | ) | $ | 44,008 | $ | (37,498 | ) | $ | (33,744 | ) | $ | 20,205 | |||||||
| Add: | ||||||||||||||||||||
| Fixed charges | 107,959 | 103,458 | 88,952 | 77,874 | 79,752 | |||||||||||||||
| Amortization of capitalized interest | 352 | 545 | 675 | 882 | 1,110 | |||||||||||||||
| Dividends from equity investments | — | — | — | — | — | |||||||||||||||
| Less: | ||||||||||||||||||||
| Interest capitalized | 1,191 | 1,294 | 896 | 1,716 | 1,807 | |||||||||||||||
| Minority interest | 882 | 1,544 | 1,041 | 477 | 369 | |||||||||||||||
Earnings | $ | 5,768 | $ | 145,173 | $ | 50,192 | $ | 42,819 | $ | 98,891 | ||||||||||
Ratio of earnings to fixed charges | 0.05 | 1.40 | 0.56 | 0.55 | 1.24 | |||||||||||||||
Amount of deficiency in earnings to cover fixed charges for 1:1 ratio | $ | 102,191 | $ | (41,715 | ) | $ | 38,760 | $ | 35,055 | $ | (19,139 | ) | ||||||||