EX-12.1 18 y61690exv12w1.txt STATEMENT OF COMPUTATION OF RATIO OF EARNINGS EXHIBIT 12.1 ASSOCIATED MATERIALS INCORPORATED COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (IN THOUSANDS, EXCEPT RATIOS)
Twelve Months Ended December 31, Three Months Ended March 31, ------------------------------------------------------- ---------------------------- 1997 1998 1999 2000 2001 2001 (a) 2002 (a) ------- ------- ------- ------- ------- -------- -------- Income (loss) before income tax expense $22,613 $24,438 $33,528 $40,110 $41,320 (4,902) (2,470) Fixed Charges: Interest expense $ 9,795 $ 7,978 $ 7,108 $ 7,177 $ 7,172 1,754 1,754 Portion of rents representative of interest factor 3,904 4,016 4,337 4,842 5,893 1,353 1,586 Amortization of debt 398 295 275 274 274 68 68 ------- ------- ------- ------- ------- ------- ------- Total fixed charges $14,097 $12,289 $11,720 $12,293 $13,339 $ 3,175 $ 3,408 ======= ======= ======= ======= ======= ======= ======= Earnings/(losses): $36,710 $36,727 $45,248 $52,403 $54,659 $(1,727) $ 938 Ratio of earnings to fixed charges 2.6 3.0 3.9 4.3 4.1 -- -- ======= ======= ======= ======= ======= ======= =======
(a) The deficiency in the ratio of earnings to fixed charges is approximately $4.9 million and $2.5 million for the three months ended March 31, 2001 and 2002, respectively.