EX-12.1 4 b39754niex12-1.txt COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES 1 NORTEK, INC. EXHIBIT 12.1 CALCULATION OF EARNINGS TO FIXED CHARGES (AMOUNTS IN MILLIONS)
YEAR ENDED DECEMBER 31, THREE MONTHS ENDED 1996 1997 1998 1999 2000 APRIL 1, 2000 MARCH 31, 2001 ---- ---- ---- ---- ---- ------------- -------------- EARNINGS(LOSS): Earnings(Loss) from Continuing Operations $ 23.7 $ 26.4 $ 34.0 $ 49.3 $ 41.6 $ 4.0 $ (2.4) Income Tax Provision (Benefit) 14.9 16.3 27.3 40.7 34.0 3.4 (2.1) ---- ---- ----- ----- ----- ---- ---- "Earnings(Loss)" $ 38.6 $ 42.7 $ 61.3 $ 90.0 $ 75.6 $ 7.4 $ (4.5) ==== ==== ===== ===== ===== ==== ==== FIXED CHARGES: Interest Expense including Amortization of Debt Expense and Discount $ 28.4 $ 50.2 $ 86.3 $ 96.5 $ 97.4 $ 24.3 $ 25.3 Interest Portion of Rental Expense 2.0 2.6 4.5 4.4 5.3 1.4 1.2 ---- ---- ----- ----- ----- ---- ---- "Fixed Charges" $ 30.4 $ 52.8 $ 90.8 $100.9 $102.7 $ 25.7 $ 26.5 ==== ==== ===== ===== ===== ==== ==== Earnings Available for Fixed Charges $ 69.0 $ 95.5 $152.1 $190.9 $178.3 $ 33.1 $ 22.0 Ratio of Earnings to Fixed Charges 2.3 1.8 1.7 1.9 1.7 1.3 N/A*
* Not applicable, since ratio is less than 1.0:1. Such earnings were insufficient to cover fixed charges by approximately $4.5 million.