EX-12.1 2 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,
       For the three        For the three  
                                     months ended        months ended  
   
2009
   
2008
   
2007
   
2006
   
2005
       April 3, 2010        April 4, 2009  
                                    (unaudited)       (unaudited)    
Earnings:
                                             
Earnings (loss) from continuing operations
  $ (76,752 )   $ (498,475 )   $ 4,982     $ 7,062     $ 21,217     $   54,102      $  (55,538 ) 
Provision (benefit) for income taxes
    (17,966 )     (69,951 )     3,634       4,147       12,651        6,532        (11,049 ) 
Earnings (loss)
    (94,718 )     (568,426 )      8,616       11,209       33,868        60,634        (66,587 ) 
                                                         
Fixed charges:
                                                       
Interest expense including amortization
                                                       
of debt expense and discount (premium)
    135,514       138,015       99,698       76,680       57,657        34,007        33,756  
Interest portion of rental expense
    7,830       9,090       7,119       5,190       4,110        2,251        1,958  
Fixed Charges
    143,344       147,105       106,817       81,870       61,767        36,258        35,714  
                                                         
Earnings (loss) available for fixed charges
  $ 48,626     $ (421,321 )   $ 115,433     $ 93,079     $ 95,635      $  96,892      $  (30,874 ) 
                                                         
Ratio of earnings to fixed charges (1)
    -       -       1.1 x     1.1 x     1.5 x      2.7 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.  For the three months ended April 4, 2009, the deficiency in the ratio of earnings to fixed charges to achieve a one to one ratio was $66.6 million.