EX-12.1 33 a2115564zex-12_1.txt EX-12.1 EXHIBIT 12.1 CHAAS ACQUISITIONS, LLC EXHIBIT 12.1-STATEMENT REGARDING COMPUTATION OF RATIOS- FIXED CHARGE COVERAGE RATIO FOR THE PERIOD FROM APRIL 15, 2003 THROUGH JUNE 30, 2003 FOR THE COMPANY AND FOR THE PERIOD FROM JANUARY 1, 2003 THROUGH THROUGH APRIL 14, 2003 FOR THE PREDECESSOR FOR THE YEARS ENDED DECEMBER 31, 2002, 2001 AND 2000 (DOLLAR AMOUNTS IN THOUSANDS)
PREDECESSOR COMPANY ---------------------------- --------------------------------- ------------- PERIOD FROM PERIOD FROM JANUARY 1, 2003 APRIL 14, 2003 YEAR ENDED DECEMBER 31, SIX MONTHS ENDED THROUGH THROUGH 2000 2001 2002 JUNE 30, 2002 APRIL 14, 2003 JUNE 30, 2003 ------- ------- ------- --------------- --------------- ------------- Pre-tax income (loss) from continuing operations........................ $ 7,515 $ 2,996 $21,837 $20,717 $(5,098) $2,348 ------- ------- ------- -------- -------- ------- Fixed Charges: Interest expense and amortization of debt discount and premium on all indebtedness............................... 17,950 17,684 15,907 7,857 4,772 3,524 Rentals(1)..................................... 2,711 2,713 2,933 1,367 1,245 889 ------- ------- ------- -------- ------- ------- Total fixed charges............................ 20,661 20,397 18,840 9,224 6,017 4,413 ------- ------- ------- -------- ------- ------- Earnings before income taxes and fixed charges............................ $28,176 $23,393 $40,677 $29,941 $ 919 $6,761 ======= ======= ======= ======== ======= ======= Ratio of earnings to fixed charges............. 1.36x 1.15x 2.16x 3.25x 0.15x 1.53x ======= ======= ======= ======== ======= ========
---------- (1) Amount included in fixed charges for rentals is considered by management to be a reasonable approximation of the interest factor.