Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - American Railcar Industries, Inc. | c13378e10vk.htm |
| EX-23.1 - EX-23.1 - American Railcar Industries, Inc. | c13378exv23w1.htm |
| EX-32.1 - EX-32.1 - American Railcar Industries, Inc. | c13378exv32w1.htm |
| EX-31.2 - EX-31.2 - American Railcar Industries, Inc. | c13378exv31w2.htm |
| EX-31.1 - EX-31.1 - American Railcar Industries, Inc. | c13378exv31w1.htm |
| EX-21.1 - EX-21.1 - American Railcar Industries, Inc. | c13378exv21w1.htm |
Exhibit 12.1
American Railcar Industries, Inc.
Computation of Ratio of (Loss) Earnings to Fixed Charges
(dollars in thousands)
Computation of Ratio of (Loss) Earnings to Fixed Charges
(dollars in thousands)
| Years ended December 31, | ||||||||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
(Loss) earnings: |
||||||||||||||||||||
(Loss) earnings before income tax expense |
$ | (41,801 | ) | $ | 22,026 | $ | 49,785 | $ | 59,368 | $ | 55,956 | |||||||||
Loss (income) from joint venture |
7,789 | 6,797 | (718 | ) | (881 | ) | 734 | |||||||||||||
Fixed charges |
21,975 | 21,679 | 21,169 | 18,303 | 2,727 | |||||||||||||||
Total (loss) earnings |
$ | (12,037 | ) | $ | 50,502 | $ | 70,236 | $ | 76,790 | $ | 59,417 | |||||||||
Fixed charges: |
||||||||||||||||||||
Interest expense (including amortized
premiums, discounts and capitalized expenses
relating to indebtedness) |
$ | 21,275 | $ | 20,909 | $ | 20,299 | $ | 17,027 | $ | 1,372 | ||||||||||
Estimate of interest within rental expense (1) |
700 | 770 | 870 | 1,276 | 1,355 | |||||||||||||||
Total fixed charges |
$ | 21,975 | $ | 21,679 | $ | 21,169 | $ | 18,303 | $ | 2,727 | ||||||||||
Ratio
of (loss) earnings to fixed charges |
-0.55 | 2.33 | 3.32 | 4.20 | 21.79 | |||||||||||||||
| (1) | Deemed to represent one-third of rental expense on operating leases. |