EX-12.1 2 d638509dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

SUMMIT MATERIALS, LLC AND SUBSIDIARIES

Computation of Ratio of Earnings to Fixed Charges

 

($ in thousands)    2012     2011     2010  

Loss from continuing operations before income taxes (1)

   $ (50,951   $ (1,441     (20,722

Add (deduct)

      

Distributions from equity investments

     817        156        —     

(Income) loss from equity method investees

     (683     894        656   

Capitalized interest

     (193     —          (433

Fixed Charges

     59,438        49,218        27,262   
  

 

 

   

 

 

   

 

 

 

Earnings, as defined

   $ 8,428      $ 48,827      $ 6,763   
  

 

 

   

 

 

   

 

 

 

Fixed Charges:

      

Interest on indebtedness and amortization of deferred financing costs

   $ 58,079      $ 47,784      $ 25,430   

Capitalized interest

     193        —          433   

Portion of rental expense under operating leases representative of the interest factor

     1,166        1,434        1,399   
  

 

 

   

 

 

   

 

 

 

Total fixed charges

   $ 59,438      $ 49,218      $ 27,262   
  

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges (2)

     0.1        1.0        0.2   
  

 

 

   

 

 

   

 

 

 

 

(1) Represents earnings from continuing operations before adjustments for noncontrolling interests in consolidated subsidiaries.
(2) The ratio of earnings to fixed charges is determined by dividing earnings, as adjusted, by fixed charges. Fixed charges consist of interest on all indebtedness plus that portion of operating lease rentals representative of the interest factor (deemed to be 33% of operating lease rentals).