EX-12.1 2 trs-123111xexh121.htm EX-12.1 TRS-123111-Exh 12.1


Exhibit 12.1
TriMas Corporation
Computation of Ratio of Earnings to Fixed Charges
(Dollars In Thousands)

 
For The Years Ended December 31
 
2011
 
2010
 
2009
 
2008
 
2007
Earnings (Loss) Before Income Taxes and Fixed Charges:
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations before income taxes
79,740

 
56,430

 
20,620

 
(108,300
)
 
(180,400
)
Fixed charges
54,680

 
56,710

 
61,160

 
60,810

 
81,050

Earnings (loss) before income taxes and fixed charges
134,420

 
113,140

 
81,780

 
(47,490
)
 
(99,350
)
Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest expense
48,450

 
51,830

 
56,500

 
55,880

 
75,750

Estimated interest factor for rentals
6,230

 
4,880

 
4,660

 
4,930

 
5,300

Fixed charges
54,680

 
56,710

 
61,160

 
60,810

 
81,050

Ratio of earnings to fixed charges
2.5

 
2.0

 
1.3

 
n/a (1)

 
n/a (1)

________________________________________
(1) For purposes of calculating the ratio of earnings to fixed charges, earnings represents income (loss) from continuing operations before income taxes plus fixed charges. Fixed charges include interest expense, including amortization of deferred financing costs and debt extinguishment costs, and the portion of operating rental expense which management believes is representative of the interest component of rent expense (assumed to be 33%). For the years ended December 31, 2008 and 2007, additional earnings of $108.3 million and $180.4 million, respectively, would have been required to make the ratio 1.0x.