EX-12.1 2 dex121.htm STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement re Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12.1

Alliance Laundry Holdings Inc

Earnings to Fixed Charges

 

    

Year Ended
December 31,

   

January 28,
2005 through
December 31,

   

January 1,
2005
through
January 27,

    Years Ended December 31,
     2006     2005     2005     2004    2003    2002
     Successor     Successor     Predecessor     Predecessor    Predecessor    Predecessor

Earnings:

                

Income (loss) before taxes

   $ (3,349 )   $ (1,819 )   $ (28,383 )   $ 11,836    $ 15,974    $ 1,391

Fixed charges:

                

Interest expense

     31,177       24,117       995       25,439      28,258      28,341

Rentals

     906       476       25       441      360      337
                                            

Income (loss) before taxes and fixed charges

   $ 28,734     $ 22,774     $ (27,363 )   $ 37,716    $ 44,592    $ 30,069
 

Fixed Charges

   $ 32,083     $ 24,593     $ 1,020     $ 25,880    $ 28,618    $ 28,678

Ratio of earnings to fixed charges

     —         —         —         1.5      1.6      1.0

(a) For purposes of determining the ratio of earnings to fixed charges, earnings are defined as income (loss) before income taxes and cumulative effect of change in accounting principle plus fixed charges. Fixed charges include interest expense on all indebtedness, amortization of deferred financing costs and one-third of rental expense on operating leases, representing that portion of rental expense deemed to be attributable to interest. In 2006 the Successor earnings were inadequate to cover fixed charges. The amount of incremental earnings required to attain a ratio of 1.0 to 1.0 is $3.3 million. In 2005 the Successor earnings were inadequate to cover fixed charges. The amount of incremental earnings required to attain a ratio of 1.0 to 1.0 is $1.8 million. In 2005 the Predecessor earnings were inadequate to cover fixed charges. The amount of incremental earnings required to attain a ratio of 1.0 to 1.0 is $28.4 million.