ALLIANCE LAUNDRY CORP - FORM 10-K - EX-12.1 - STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - March 8, 2010

Attached files

file filename
10-K - FORM 10-K - ALLIANCE LAUNDRY CORPd10k.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - ALLIANCE LAUNDRY CORPdex312.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 - ALLIANCE LAUNDRY CORPdex322.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906 - ALLIANCE LAUNDRY CORPdex321.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - ALLIANCE LAUNDRY CORPdex311.htm
EX-21.1 - SUBSIDIARIES OF ALLIANCE LAUNDRY SYSTEMS LLC - ALLIANCE LAUNDRY CORPdex211.htm

EXHIBIT 12.1

Alliance Laundry Holdings Inc.

Earnings to Fixed charges

(in thousands, except ratio data)

 

     Year Ended
December 31,
2009		    Year Ended
December 31,
2008		    Year Ended
December 31,
2007		    Year Ended
December 31,
2006		     January 28,
2005 through
December 31,
2005		               January 1,
2005
through
January 27,
2005		  
     Succesor    Succesor    Succesor    Succesor     Succesor               Predecessor  

Earnings:

                       

Income (loss) before taxes

      21,667    $ 21,992    $ 16,754    $ (5,950 )    $ (1,819 )           $ (28,383 ) 

Fixed charges:

                       

Interest expense

      21,741      30,658      34,747      31,177        24,117               995   

Rentals

      527      809      690      906        476               25   
                                                    

Income (loss) before taxes and fixed charges

    $ 43,935    $ 53,459    $ 52,191    $ 26,133      $ 22,774             $ (27,363 ) 
 

Fixed charges

    $ 22,268    $ 31,467    $ 35,437    $ 32,083      $ 24,593             $ 1,020   

Ratio of earnings to fixed charges

      2.0      1.7      1.5      —          —                 —     

(a) For purposes of determining the ratio of earnings to fixed charges, earnings are defined as income (loss) before income taxes and cumulative effect of change in accounting principle plus fixed charges. Fixed charges include interest expense on all indebtedness, amortization of deferred financing costs and one-third of rental expense on operating leases, representing that portion of rental expense deemed to be attributable to interest. In 2006 the Successor earnings were inadequate to cover fixed charges. The amount of incremental earnings required to attain a ratio of 1.0 to 1.0 would have been $5.9 million. In 2005 the Successor earnings were inadequate to cover fixed charges. The amount of incremental earnings required to attain an earnings to fixed charges ratio of 1.0 to 1.0 in 2005 would have been $1.8 million. In 2005 the Predecessor earnings were inadequate to cover fixed charges. The amount of incremental earnings required to attain an earnings to fixed charges ratio of 1.0 to 1.0 in 2005 would have been $28.4 million. The ratio of earnings to fixed charges is not shown for the combined period as the information would not be meaningful.

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