EX-12.1 5 d439625dex121.htm EX-12.1 EX-12.1

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          Successor  
             Twelve
months
Ended
January 3,
2009
(unaudited)
    Twelve
months
Ended
January 2,
2010
(unaudited)
    Five
months
Ended
May 28,
2010
(unaudited)
         Seven
months
Ended
January 1,
2011
(unaudited)
    Twelve
months
Ended
December 31,
2011
(unaudited)
    Twelve
months
Ended
December 29,
2012
(unaudited)
 

Consolidated pretax income (loss) from operations

       $ 21,044      $ 12,258      $ (51,303       $ (59,607   $ 4,474      $ (20,024

Interest

         59,169        54,415        32,669            37,391        67,580        72,918   

Interest portion of rent expense

         12,390        15,822        6,599            9,738        19,499        24,652   
      

 

 

   

 

 

   

 

 

       

 

 

   

 

 

   

 

 

 

Earnings

       $ 92,603      $ 82,495      $ (12,035       $ (12,478   $ 91,553      $ 77,546   
      

 

 

   

 

 

   

 

 

       

 

 

   

 

 

   

 

 

 

Interest

       $ 59,169      $ 54,415      $ 32,669          $ 37,391      $ 67,580      $ 72,918   

Interest portion of rent expense

         12,390        15,822        6,599            9,738        19,499        24,652   
      

 

 

   

 

 

   

 

 

       

 

 

   

 

 

   

 

 

 

Fixed Charges

       $ 71,559      $ 70,237      $ 39,268          $ 47,129      $ 87,079      $ 97,570   
      

 

 

   

 

 

   

 

 

       

 

 

   

 

 

   

 

 

 

Ratio of Earnings to Fixed Charges

         1.29        1.17        (a)          (b)      1.05        (c) 
      

 

 

   

 

 

   

 

 

       

 

 

   

 

 

   

 

 

 

 

 

(a) In the five months ended May 28, 2010, earnings were insufficient to cover fixed charges by $51.3 million
(b) In the seven months ended January 1, 2011, earnings were insufficient to cover fixed charges by $59.6 million
(c) In the twelve months ended December 29, 2012 earnings were insufficient to cover fixed charges by $20.0 million