Attached files
| file | filename |
|---|---|
| 10-K - 10-K - American Tire Distributors Holdings, Inc. | d868007d10k.htm |
| EX-31.2 - EX-31.2 - American Tire Distributors Holdings, Inc. | d868007dex312.htm |
| EX-31.1 - EX-31.1 - American Tire Distributors Holdings, Inc. | d868007dex311.htm |
| EX-32.1 - EX-32.1 - American Tire Distributors Holdings, Inc. | d868007dex321.htm |
| EX-21.1 - EX-21.1 - American Tire Distributors Holdings, Inc. | d868007dex211.htm |
| EX-10.29 - EX-10.29 - American Tire Distributors Holdings, Inc. | d868007dex1029.htm |
| EXCEL - IDEA: XBRL DOCUMENT - American Tire Distributors Holdings, Inc. | Financial_Report.xls |
Exhibit 12.1
American Tire Distributors Holdings, Inc.
Statement Regarding: Computation of Ratio of Earnings to Fixed Charges
(Amounts in thousands, except ratio amounts)
| Predecessor | Successor | |||||||||||||||||||||||
| Five months | Seven months | Twelve months | Twelve months | Twelve months | Twelve months | |||||||||||||||||||
| Ended | Ended | Ended | Ended | Ended | Ended | |||||||||||||||||||
| May 28, | January 1, | December 31, | December 29, | December 28, | January 3, | |||||||||||||||||||
| 2010 | 2011 | 2011 | 2012 | 2013 | 2015 | |||||||||||||||||||
| (unaudited) | (unaudited) | (unaudited) | (unaudited) | (unaudited) | (unaudited) | |||||||||||||||||||
| Consolidated pretax income (loss) from operations |
$ | (51,303 | ) | $ | (59,607 | ) | $ | 4,474 | $ | (20,024 | ) | $ | (10,302 | ) | $ | (147,962 | ) | |||||||
| Fixed charges |
39,288 | 47,144 | 87,488 | 98,673 | 106,502 | 167,900 | ||||||||||||||||||
| Interest capitalized |
(20 | ) | (15 | ) | (409 | ) | (1,103 | ) | (1,556 | ) | (2,766 | ) | ||||||||||||
| Amortization of interest capitalized |
39 | 67 | 129 | 230 | 391 | 477 | ||||||||||||||||||
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| Earnings |
$ | (11,995 | ) | $ | (12,410 | ) | $ | 91,682 | $ | 77,776 | $ | 95,035 | $ | 17,649 | ||||||||||
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| Interest expense |
$ | 32,669 | $ | 37,391 | $ | 67,580 | $ | 72,918 | $ | 74,284 | $ | 125,590 | ||||||||||||
| Interest capitalized |
20 | 15 | 409 | 1,103 | 1,556 | 2,766 | ||||||||||||||||||
| Interest portion of rent expense |
6,599 | 9,738 | 19,499 | 24,652 | 30,662 | 39,544 | ||||||||||||||||||
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| Fixed Charges |
$ | 39,288 | $ | 47,144 | $ | 87,488 | $ | 98,673 | $ | 106,502 | $ | 167,900 | ||||||||||||
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| Ratio of Earnings to Fixed Charges |
— | (a) | — | (b) | 1.05 | — | (c) | — | (d) | — | (e) | |||||||||||||
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| (a) | In the five months ended May 28, 2010, earnings were insufficient to cover fixed charges by $51.3 million |
| (b) | In the seven months ended January 1, 2011, earnings were insufficient to cover fixed charges by $59.6 million |
| (c) | In the twelve months ended December 29, 2012 earnings were insufficient to cover fixed charges by $20.9 million |
| (d) | In the twelve months ended December 28, 2013 earnings were insufficient to cover fixed charges by $11.5 million |
| (e) | In the twelve months ended January 3, 2015 earnings were insufficient to cover fixed charges by $150.3 million |