EX-12.1 4 v370051_ex12-1.htm EXHIBIT 12.1

 Exhibit 12.1

  

Wabash National Corporation  
Computation of Ratio of Earnings to Fixed Charges

 

($ in 000's)  2013   2012   2011   2010   2009 
                     
Earnings                         
Pretax income (loss)   77,623    48,663    15,213    (141,811)   (104,766)
Add: Total fixed charges   26,708    22,024    4,436    7,684    7,999 
Less: Preferred Stock Dividends   -    -    -    (3,344)   (3,320)
Total Earnings   104,331    70,687    19,649    (137,471)   (100,087)
                          
                          
Fixed Charges                         
Interest Expense   26,708    22,024    4,436    4,340    4,679 
Preferred Stock Dividends   -    -    -    3,344    3,320 
Total Fixed Charges   26,708    22,024    4,436    7,684    7,999 
                          
Fixed Charge Ratio   3.91    3.21    4.43    -    - 

 

For purposes of calculating the ratio of earnings to fixed charges, earnings is defined as pre-tax income (loss) plus fixed charges less preferred stock dividends. Fixed charges include interest expense (including amortization of deferred financing costs), interest on capital lease obligations, an estimate of interest within rental expense and preferred stock dividends.