Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - Great Wolf Resorts, Inc. | c62452e10vk.htm |
| EX-32.2 - EX-32.2 - Great Wolf Resorts, Inc. | c62452exv32w2.htm |
| EX-32.1 - EX-32.1 - Great Wolf Resorts, Inc. | c62452exv32w1.htm |
| EX-31.1 - EX-31.1 - Great Wolf Resorts, Inc. | c62452exv31w1.htm |
| EX-31.2 - EX-31.2 - Great Wolf Resorts, Inc. | c62452exv31w2.htm |
| EX-21.1 - EX-21.1 - Great Wolf Resorts, Inc. | c62452exv21w1.htm |
| EX-23.1 - EX-23.1 - Great Wolf Resorts, Inc. | c62452exv23w1.htm |
Exhibit 12.1
Exhibit 12.1 Computation of Ratio of Earnings to Fixed Charges and Ratio of Fixed Charges and Preferred Stock Dividends to Earnings
Amounts in thousands
Amounts in thousands
| Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | ||||||||||||||||
| 12/31/2010 | 12/31/2009 | 12/31/2008 | 12/31/2007 | 12/31/2006 | ||||||||||||||||
Computation of Ratio of Earnings to Fixed Charges and Ratio of Fixed Charges and Preferred Stock Dividends to Earnings |
||||||||||||||||||||
Earnings: |
||||||||||||||||||||
Add: |
||||||||||||||||||||
Pre-tax income/loss from continuing operations before adjustment for noncontrolling
interest
or income/loss from equity investees |
$ | (55,894 | ) | $ | (55,601 | ) | $ | (49,332 | ) | $ | (14,345 | ) | $ | (57,755 | ) | |||||
Fixed charges |
54,713 | 42,517 | 34,493 | 25,036 | 15,312 | |||||||||||||||
Amortization of capitalized interest |
4,095 | 4,355 | 3,336 | 1,882 | 916 | |||||||||||||||
distributed income of equity investees |
— | — | — | — | — | |||||||||||||||
your share of pre-tax losses of equity investees for which charges
arising from guarantees are included in fixed charges |
— | — | — | — | — | |||||||||||||||
| 2,914 | (8,729 | ) | (11,503 | ) | 12,573 | (41,527 | ) | |||||||||||||
Less: |
||||||||||||||||||||
Interest capitalized |
— | 1,761 | 4,714 | 9,277 | 7,628 | |||||||||||||||
preference security dividend requirements of consolidated subs |
— | — | — | — | — | |||||||||||||||
Noncontrolling interest in pre-tax loss of subidiaries that have not incurred fixed charges |
(9 | ) | — | — | (763 | ) | (836 | ) | ||||||||||||
| (9 | ) | 1,761 | 4,714 | 8,514 | 6,792 | |||||||||||||||
Total Earnings |
$ | 2,923 | $ | (10,490 | ) | $ | (16,217 | ) | $ | 4,059 | $ | (48,319 | ) | |||||||
Fixed Charges: |
||||||||||||||||||||
Interest expensed |
$ | 46,270 | $ | 34,072 | $ | 27,277 | $ | 14,887 | $ | 7,169 | ||||||||||
Interest capitalized |
— | 1,761 | 4,714 | 9,277 | 7,628 | |||||||||||||||
amortized premiums/discounts |
— | — | — | — | — | |||||||||||||||
Amortized capitalized expense related to indebtedness |
8,443 | 6,684 | 2,502 | 872 | 515 | |||||||||||||||
estimate of the interest within rental expense |
— | — | — | — | — | |||||||||||||||
preference security dividend requirements of consolidated subs |
— | — | — | — | — | |||||||||||||||
Total Fixed Charges |
$ | 54,713 | $ | 42,517 | $ | 34,493 | $ | 25,036 | $ | 15,312 | ||||||||||
Preferred Stock Dividends |
— | — | — | — | — | |||||||||||||||
Ratio of earnings to fixed charges (1) |
0.05 | (0.25 | ) | (0.47 | ) | 0.16 | (3.16 | ) | ||||||||||||
Ratio of fixed charges and preferred stock dividends to earnings (1) |
18.72 | (4.05 | ) | (2.13 | ) | 6.17 | (0.32 | ) | ||||||||||||
(1) Fixed charges in excess of earnings |
$ | 51,790 | $ | 53,007 | $ | 50,710 | $ | 20,977 | $ | 63,631 | ||||||||||