EX-12.1 2 side-122813xex121.htm EXHIBIT 12.1 SIDE - 12.28.13 - 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
 
Year Ended
(dollars in thousands)
December 28,
2013
 
December 28,
2013
 
December 29,
2012
 
January 2,
2010
Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
(Loss) income before income taxes
$
(30,986
)
 
$
(32,762
)
 
$
(223,223
)
 
$
(56,462
)
 
 
$
(66,054
)
 
$
23,048

Plus: Fixed charges
91,706

 
87,544

 
87,982

 
18,621

 
 
67,895

 
88,812

Total earnings (loss)
60,720

 
54,782

 
(135,241
)
 
(37,841
)
 
 
1,841

 
111,860

 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
79,751

 
75,520

 
75,729

 
16,120

 
 
58,759

 
77,352

Plus: Imputed interest on operating leases
11,955

 
12,024

 
12,253

 
2,501

 
 
9,136

 
11,460

Total fixed charges
$
91,706

 
$
87,544

 
$
87,982

 
$
18,621

 
 
$
67,895

 
$
88,812

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges (1)
0.66

 
0.63

 
—

 
—

 
 
0.03

 
1.26


(1)
For the successor years ended December 28, 2013, December 29, 2012 and December 31, 2011, the successor period October 13, 2010 to January 1, 2011 and the predecessor period January 3, 2010 to October 12,2010 earnings were not adequate to cover fixed charges by $31.0 million, $32.8 million, $223.2 million, $56.5 million, and $66.1 million, respectively.