EX-12.1 2 side-122912xex121.htm EXHIBIT 12.1 SIDE - 12.29.12 - EX.12.1


Exhibit 12.1
Associated Materials, LLC
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
Successor
 
 
Predecessor
 
Years Ended
 
October 13,  2010 to
January 1, 2011
 
 
January 3,
2010 to
October 12,
2010
 
Years Ended
(dollars in thousands)
December 29,
2012
 
December 31,
2011
 
January 2,
2010
 
January 3,
2009
Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes
$
(32,762
)
 
$
(223,223
)
 
$
(56,462
)
 
 
$
(66,054
)
 
$
23,048

 
$
(23,335
)
Plus: Fixed charges
87,544

 
87,982

 
18,621

 
 
67,895

 
88,812

 
93,727

Total earnings (loss)
54,782

 
(135,241
)
 
(37,841
)
 
 
1,841

 
111,860

 
70,392

 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
75,520

 
75,729

 
16,120

 
 
58,759

 
77,352

 
82,567

Plus: Imputed interest on operating leases
12,024

 
12,253

 
2,501

 
 
9,136

 
11,460

 
11,160

Total fixed charges
$
87,544

 
$
87,982

 
$
18,621

 
 
$
67,895

 
$
88,812

 
$
93,727

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges (1)
0.63

 

 

 
 
0.03

 
1.26

 
0.75


(1)
For the successor years ended December 29, 2012 and December 31, 2011, the successor period October 13, 2010 to January 1, 2011, the predecessor period January 3, 2010 to October 12,2010 and the predecessor year ended January 3, 2009 earnings were not adequate to cover fixed charges by $32.8 million, $223.2 million, $56.5 million, $66.1 million and $23.3 million, respectively.