EX-12.1 2 d642491dex121.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 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)		     Twelve months
Ended
December 28,
2013
(unaudited)		  
 

Consolidated pretax income (loss) from operations

    $ 12,258      $ (51,303 )       $ (59,607 )    $ 4,474      $ (20,024 )    $ (10,302 ) 

Fixed charges

      70,561        39,288           47,144        87,488        98,673        106,502   

Interest capitalized

      (324 )      (20 )         (15 )      (409 )      (1,103 )      (1,556 ) 

Amortization of interest capitalized

      40        39           67        129        230        391   
  

 

 

    

 

 

       

 

 

    

 

 

    

 

 

    

 

 

  
 

Earnings

    $ 82,535      $ (11,995 )       $ (12,410 )    $ 91,682      $ 77,776      $ 95,035   
  

 

 

    

 

 

       

 

 

    

 

 

    

 

 

    

 

 

  
 

Interest expense

    $ 54,415      $ 32,669         $ 37,391      $ 67,580      $ 72,918      $ 74,284   

Interest capitalized

      324        20           15        409        1,103        1,556   

Interest portion of rent expense

      15,822        6,599           9,738        19,499        24,652        30,662   
  

 

 

    

 

 

       

 

 

    

 

 

    

 

 

    

 

 

  
 

Fixed Charges

    $ 70,561      $ 39,288         $ 47,144      $ 87,488      $ 98,673      $ 106,502   
  

 

 

    

 

 

       

 

 

    

 

 

    

 

 

    

 

 

  
 

Ratio of Earnings to Fixed Charges

      1.17        —   (a)         —   (b)      1.05        —   (c)      —   (d) 
  

 

 

    

 

 

       

 

 

    

 

 

    

 

 

    

 

 

  

 

(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 $20.9 million
(d) In the twelve months ended December 28, 2013 earnings were insufficient to cover fixed charges by $11.5 million