EX-12.1 57 b70541s4exv12w1.htm EX-12.1 STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12w1
 
Exhibit 12.1
 
NORTEK HOLDINGS, INC.
RATIO OF EARNINGS TO FIXED CHARGES
 
                                                         
    ACTUAL  
    YEAR ENDED     PERIOD FROM
 		    PERIOD FROM
 		    PERIOD FROM
 		    PERIOD FROM
 		 
    DECEMBER 31,     JAN. 1, 2004 TO
 		    AUG 28, 2004 TO
 		    JAN. 1, 2003 TO
 		    JAN. 10, 2003 TO
 		 
    2007     2006     2005     AUG 27, 2004     DEC 31, 2004     JAN. 9, 2003     DEC. 31, 2003  
 
    (IN MILLIONS EXCEPT RATIOS)  
EARNINGS:
                                                       
Earnings (loss) from continuing operations
    32.4       89.7       80.5       (111.3 )     (2.2 )     (60.9 )     62.1  
Provision (benefit) for income taxes
    33.1       63.9       56.1       (41.4 )     4.3       (21.8 )     41.4  
                                                         
“Earnings”
    65.5       153.6       136.6       (152.7 )     2.1       (82.7 )     103.5  
                                                         
FIXED CHARGES:
                                                       
Interest expense including amortization of debt expense and discount
    122.0       115.6       102.4       56.1       40.3       1.0       57.4  
Interest portion of rental expense
    15.5       13.3       10.8       6.4       3.4       0.2       8.2  
                                                         
“Fixed Charges”
    137.5       128.9       113.2       62.5       43.7       1.2       65.6  
                                                         
Earnings Available for Fixed Charges
    203.0       282.5       249.8       (90.2 )(1)     45.8       (81.5 )(1)     169.1  
                                                         
Ratio of Earnings to Fixed Charges
    1.5       2.2       2.2               1.0               2.6  
                                                         
 
                                 
    ACTUAL           PRO FORMA  
    FIRST QUARTER
 		    FIRST QUARTER
 		    PRO FORMA     FIRST QUARTER
 		 
    ENDED
 		    ENDED
 		    YEAR ENDED
 		    ENDED
 		 
    MARCH 29, 2008     MARCH 31, 2007     DEC. 31, 2007     MARCH 29, 2008  
 
    (IN MILLIONS EXCEPT RATIOS)    
EARNINGS:
                               
(Loss) earnings from continuing operations
    (4.1 )     9.2       14.3       (10.6 )
(Benefit) provision for income taxes
    (0.3 )     6.9       22.8       (3.5 )
                                 
“Earnings”
    (3.8 )     16.1       37.1       (14.1 )
                                 
FIXED CHARGES:
                               
Interest expense including amortization of debt expense and discount
    27.4       29.2       150.4       37.7  
Interest portion of rental expense
    3.9       3.9       15.5       3.9  
                                 
“Fixed Charges”
    31.3       33.1       165.9       41.6  
                                 
Earnings Available for Fixed Charges
    27.5 (1)     49.2       203.0       27.5 (1)
                                 
Ratio of Earnings to Fixed Charges
            1.5       1.2          
                                 
 
 
(1) Earnings were insufficient to cover fixed charges by approximately $152.7 million, $82.7 million, $3.8 million and $14.1 million for the period from January 1, 2004 to August 27, 2004, the period from January 1, 2003 to January 9, 2003 and the historical and pro-forma results for the first quarter ended March 29, 2008, respectively.