Form: 10-K

Annual report pursuant to Section 13 and 15(d)

March 31, 2006

 

Exhibit 12.1
The Hillman Companies, Inc.
Computation of Ratio of Income to Fixed Charges
Year Ended December 31, 2005

(Dollars in thousands)
         
Income from Operations
  $ 41,659  
Depreciation
    15,605  
Amortization
    7,228  
Stock compensation expense
    1,601  
Non-recurring expense (1)
    500  
Proforma adjustments
    —  
 
     
Earnings Before Interest, Taxes, Depreciation, and Amortization (“Adjusted EBITDA”)
  $ 66,593  
Capital Expenditures
    15,158  
Interest on junior subordinated notes
    12,231  
Cash Interest
    18,130  
Scheduled Debt Payments
    2,175  
Cash Taxes
    484  
 
     
Fixed Charges
  $ 48,178  
 
       
 
     
Ratio of Adjusted EBITDA to Fixed Charges
    1.38  
 
     
(1) — Non-recurring expense includes $500 of accounting fees incurred in connection with the restatement of the Company’s 2004
Form 10-K/A.