EX-12.1 5 v182649_ex12-1.htm Unassociated Document
Exhibit 12.1
 
Wabash National Corporation
Computation of Ratio of Earnings to Fixed Charges
 
($ in 000's)
  
2009
    
2008
    
2007
    
2006
    
2005
  
                               
Earnings
                              
Pre Tax (Loss) Income
     (104,766 )     (108,762 )     24,688       16,302       74,056  
Interest Expense
     4,379       4,657       5,755       6,921       6,431  
Preferred Stock Dividends
     3,320       -       -       -       -  
Capital Lease Principal Payments
     334       193       -       -       -  
Total Earnings
     (96,733 )     (103,912 )     30,443       23,223       80,487  
                                         
                                         
Fixed Charges
                                        
Interest Expense
     4,379       4,657       5,755       6,921       6,431  
Preferred Stock Dividends
     3,320       -       -       -       -  
Capital Lease Principal Payments
     334       193       -       -       -  
Total Fixed Charges
     8,033       4,850       5,755       6,921       6,431  
                                         
                                         
Fixed Charge Ratio
     -       -       5.29       3.36       12.52  
 
For purposes of calculating the ratio of earnings to fixed charges, earnings are defined as pretax income (loss) plus fixed charges.  Fixed charges include interest expense (including amortization of deferred financing costs), preferred stock dividends and principal payments on capital lease obligations.