EX-12.1 49 b87915exv12w1.htm EX-12.1 exv12w1
 
Exhibit 12.1
 
NORTEK HOLDINGS, INC.
RATIO OF EARNINGS TO FIXED CHARGES
 
                                                 
    ACTUAL  
      YEAR ENDED
     PERIOD FROM
     PERIOD FROM
     YEAR ENDED  
      DECEMBER
     JAN. 1, 2009
     DEC. 20, 2009
     DECEMBER 31,  
      31, 2010     TO DEC. 19, 2009     TO DEC. 31, 2009     2008   2007     2006  
    (IN MILLIONS EXCEPT RATIOS)  
EARNINGS:
                                               
Earnings (loss) from continuing operations
      (13.4 )     195.3       (3.4 )     (780.7 )   32.4       89.7  
Provision (benefit) for income taxes
      (11.6 )     85.0       (1.4 )     26.9     33.1       63.9  
                                                 
“Earnings”
      (25.0 )     280.3       (4.8 )     (753.8 )   65.5       153.6  
                                                 
FIXED CHARGES:
                                               
Interest expense including amortization of debt expense and discount
      95.7       135.6       3.6       134.7     122.0       115.6  
Interest portion of rental expense
      16.1       15.8       0.6       16.1     15.5       13.3  
                                                 
“Fixed Charges”
      111.8       151.4       4.2       150.8     137.5       128.9  
                                                 
Earnings Available for Fixed Charges
      86.8       431.7       (0.6 )     (603.0 )   203.0       282.5  
                                                 
Ratio of Earnings to Fixed Charges (1)
      —       2.9       —       —     1.5       2.2  
                                                 
 
               
    ACTUAL  
    FIRST NINE MONTHS ENDED
 		 
    OCTOBER 1, 2011     OCTOBER 2, 2010  
 
    (IN MILLIONS EXCEPT RATIOS)  
EARNINGS:
               
(Loss) earnings from continuing operations
    (55.1 )     (3.3 ) 
Provision for income taxes
    (22.9 )     (8.5 ) 
                 
“Earnings”
    (78.0 )     (11.8 ) 
                 
FIXED CHARGES:
               
Interest expense including amortization of debt expense and discount
    81.0       69.9  
Interest portion of rental expense
    12.1       12.1  
                 
“Fixed Charges”
    93.1       82.0  
                 
Earnings Available for Fixed Charges
    15.1       70.2  
                 
Ratio of Earnings to Fixed Charges (1)
    —       —  
                 
 
 
(1) These ratios are computed by dividing the total earnings by the total fixed charges. For purposes of calculating this ratio, “Earnings” consist of earnings from continuing operations before provision for income taxes and fixed charges. “Fixed Charges” consist of interest expense and the estimated interest portion of rental payments on operating leases. Earnings were insufficient to cover fixed charges for the historical results for the first nine months ended October 1, 2011 and October 2, 2010, the year ended December 31, 2010, the period from December 20, 2009 to December 31, 2009 and the year ended December 31, 2008 by approximately $78.0 million, $11.8 million, $25.0 million, $4.8 million and $753.8 million, respectively.