Exhibit 12.1
American Tire Distributors Holdings, Inc.
Statement Regarding: Computation of Ratio of Earnings to Fixed Charges
(Amounts in thousands, except ratio amounts)
Predecessor | Successor | ||||||||||||||||||
Twelve months Ended December 30, 2000 (unaudited) | Twelve months Ended December 29, 2001 (unaudited) | Twelve months Ended December 28, 2002 (unaudited) | Twelve months Ended December 27, 2003 (unaudited) | Twelve months Ended January 1, 2005 (unaudited) | Six months July 3, | Three months April 2, 2005 | Three months July 2, 2005 | ||||||||||||
Consolidated pretax | 1,657 | (23,798 | ) | 62,693 | 27,176 | 41,277 | 19,857 | (20,947 | ) | (5,790 | ) | ||||||||
Interest | 26,447 | 28,639 | 18,705 | 14,071 | 13,371 | 5,844 | 3,682 | 13,402 | |||||||||||
Interest portion of rent expense | 7,051 | 8,500 | 8,194 | 8,104 | 8,412 | 4,004 | 2,214 | 2,259 | |||||||||||
Earnings | 35,155 | 13,341 | 89,592 | 49,351 | 63,060 | 29,705 | (15,051 | ) | 9,871 | ||||||||||
Interest | 26,447 | 28,639 | 18,705 | 14,071 | 13,371 | 5,844 | 3,682 | 13,402 | |||||||||||
Interest portion of rent expense | 7,051 | 8,500 | 8,194 | 8,104 | 8,412 | 4,004 | 2,214 | 2,259 | |||||||||||
Fixed Charges | 33,498 | 37,139 | 26,899 | 22,175 | 21,783 | 9,848 | 5,896 | 15,661 | |||||||||||
Ratio of Earnings | 1.05 | — | (a) | 3.33 | 2.23 | 2.89 | 3.02 | — | (b) | — | (c) | ||||||||
(a) | In fiscal 2001, earnings were insufficient to cover fixed charges by $23.8 million |
(b) | In first quarter fiscal 2005, earnings were insufficient to cover fixed charges by $20.9 million |
(c) | In second quarter fiscal 2005, earnings were insufficient to cover fixed charges by $5.8 million |