EX-12.1 7 exhibit12-1.htm STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS exhibit12-1.htm
 
Exhibit 12.1

PLY GEM HOLDINGS, INC. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
 

   
Fiscal Year Ended December 31,
  
                               
   
2009
    
2008
    
2007
    
2006
    
2005
  
Earnings:
                              
Earnings (loss) from continuing operations
   $ (76,752 )   $ (498,475 )   $ 4,982     $ 7,062     $ 21,217  
Provision (benefit) for income taxes
     (17,966 )     (69,951 )     3,634       4,147       12,651  
Earnings (loss)
     (94,718 )     (568,426 )      8,616       11,209       33,868  
                                         
Fixed Charges:
                                        
Interest expense including amortization
                                        
of debt expense and discount (premium)
     135,514       138,015       99,698       76,680       57,657  
Interest portion of rental expense
     7,830       9,090       7,119       5,190       4,110  
Fixed Charges
     143,344       147,105       106,817       81,870       61,767  
                                         
Earnings (loss) available for fixed charges
   $ 48,626     $ (421,321 )   $ 115,433     $ 93,079     $ 95,635  
                                         
Ratio of earnings to fixed charges (1)
     -       -       1.1 x     1.1 x     1.5 x
                                         
                                         
(1) For the years ended December 31, 2009 and 2008, the deficiency in the ratio of earnings to fixed charges to achieve a one to one ratio was $568.4 million and $94.7 million, respectively, which resulted from the depressed residential U.S. housing market.