EX-12.1 26 dex121.htm STATEMENT SETTING FOR THE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement setting for the Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

American Tire Distributors Holdings, Inc.

Statement Regarding: Computation of Ratio of Earnings to Fixed Charges

(Amounts in thousands, except ratio amounts)

 

    Predecessor 2           Predecessor           Successor  
    Three months
Ended
April 2, 2005
(unaudited)		           Nine months
Ended
December 31,
2005
(unaudited)		     Twelve months
Ended
December 30,
2006
(unaudited)		     Twelve months
Ended
December 29,
2007
(unaudited)		     Twelve months
Ended
January 3,
2009
(unaudited)		     Twelve months
Ended
January 2,
2010
(unaudited)		     Nine months
Ended
October 3,
2009
(unaudited)		     Five months
Ended
May 28,
2010
(unaudited)		           Four months
Ended
October 2,
2010
(unaudited)		  

Consolidated pretax income (loss) from operations

   $ (20,947 )      $ (2,329 )    $ (6,089 )    $ 4,240      $ 21,044      $ 12,258      $ 4,700      $ (51,303 )      $ (53,589 ) 

Interest

     3,682          41,359        60,065        61,633        59,169        54,415        41,345        32,669          21,462   

Interest portion of rent expense

     2,214          7,010        9,957        11,169        12,390        15,822        11,853        6,599          5,510   
                                                                           

Earnings

   $ (15,051 )      $ 46,040      $ 63,933      $ 77,042      $ 92,603      $ 82,495      $ 57,898      $ (12,035 )      $ (26,617 ) 
                                                                           

Interest

   $ 3,682        $ 41,359      $ 60,065      $ 61,633      $ 59,169      $ 54,415      $ 41,345      $ 32,669        $ 21,462   

Interest portion of rent expense

     2,214          7,010        9,957        11,169        12,390        15,822        11,853        6,599          5,510   
                                                                           

Fixed Charges

   $ 5,896        $ 48,369      $ 70,022      $ 72,802      $ 71,559      $ 70,237      $ 53,198      $ 39,268        $ 26,972   
                                                                           

Ratio of Earnings to Fixed Charges

     —   (a)        —   (b)      —   (c)      1.06        1.29        1.17        1.09        —   (d)        —   (e) 
                                                                           

 

(a) In first quarter fiscal 2005, earnings were insufficient to cover fixed charges by $20.9 million
(b) In the nine months ended December 31, 2005, earnings were insufficient to cover fixed charges by $2.3 million
(c) In the twelve months ended December 30, 2006, earnings were insufficient to cover fixed charges by $6.1 million
(d) In the five months ended May 28, 2010, earnings were insufficient to cover fixed charges by $51.3 million
(e) In the four months ended October 2, 2010, earnings were insufficient to cover fixed charges by $53.6 million