EX-12.1 57 b51793niexv12w1.txt EX-12.1 STATEMENT REGARDING COMPUTATION OF RATIOS . . . EXHIBIT 12.1 NORTEK HOLDINGS, INC. RATIO OF EARNINGS TO FIXED CHARGES FOR S-4 FILING
ACTUAL ----------------------------------------------------------------- PRO FORMA YEAR ENDED DECEMBER 31, PERIOD FROM PERIOD FROM ------------- ----------------------------- JAN. 1, 2003 TO JAN. 10, 2003 YEAR ENDED 1999 2000 2001 2002 JAN. 9, 2003 TO DEC. 31, 2003 DEC. 31, 2003 ----- ----- ----- ----- --------------- ---------------- ------------- (IN MILLIONS EXCEPT RATIOS) EARNINGS: Earnings (loss) from continuing operations 56.4 58.3 32.8 43.6 (60.9) 62.0 35.8 Provision (benefit) for income taxes 40.2 39.1 27.8 29.5 (21.8) 41.3 27.8 ----- ----- ----- ----- ----- ----- ----- "Earnings" 96.6 97.4 60.6 73.1 (82.7) 103.3 63.6 ----- ----- ----- ----- ----- ----- ----- FIXED CHARGES: Interest expense including amortization of debt expense and discount 47.4 47.6 51.8 52.4 1.0 57.6 92.4 Interest portion of rental expense 3.0 4.1 4.5 4.7 0.1 5.0 5.1 ----- ----- ----- ----- ----- ----- ----- "Fixed Charges" 50.4 51.7 56.3 57.1 1.1 62.6 97.5 ----- ----- ----- ----- ----- ----- ----- Earnings Available for Fixed Charges 147.0 149.1 116.9 130.2 (81.6)(1) 165.9 161.1 ----- ----- ----- ----- ----- ----- ----- Ratio of Earnings to Fixed Charges 2.9x 2.9x 2.1x 2.3x 2.7x 1.7x
ACTUAL PRO FORMA PRO FORMA ----------------------------------- ------------ ------------ PERIOD FROM SIX MONTHS SIX MONTHS SIX MONTHS JAN. 10, 2003 TO ENDED ENDED ENDED JUL. 5, 2003 JUL. 3, 2004 JUL. 5, 2003 JUL. 3, 2004 ---------------- ---------------- ------------- ------------ EARNINGS: Earnings (loss) from continuing operations 29.5 19.6 15.0 27.8 Provision (benefit) for income taxes 20.1 13.8 12.6 18.3 ---- ---- ---- ---- "Earnings" 49.6 33.4 27.6 46.1 ---- ---- ---- ---- FIXED CHARGES: Interest expense including amortization of debt expense and discount 29.4 44.0 47.1 45.1 Interest portion of rental expense 2.5 2.5 2.6 2.5 ---- ---- ---- ---- "Fixed Charges" 31.9 46.5 49.7 47.6 ---- ---- ---- ---- Earnings Available for Fixed Charges 81.5 79.9 77.3 93.7 ---- ---- ---- ---- Ratio of Earnings to Fixed Charges 2.6x 1.7x 1.6x 2.0x
(1) Earnings were insufficient to cover fixed charges by approximately $81.6 million for the period from January 1, 2003 to January 9, 2003.