Form: 10-K

Annual report pursuant to Section 13 and 15(d)

March 30, 2007

Documents

 

Exhibit 12.1
THE HILLMAN COMPANIES, INC.
Computation of Ratio of Income to Fixed Charges
Year Ended December 31, 2006
(Dollars in thousands)
         
Income from Operations
   $ 41,320  
Depreciation
     17,132  
Amortization
     7,748  
Stock compensation expense
     1,239  
Non-recurring expense
     881  
Extinguishment of debt
     726  
 
      
Earnings Before Interest, Taxes, Depreciation, and Amortization (“Adjusted EBITDA”)
   $ 69,046  
Capital Expenditures
     14,653  
Interest on junior subordinated notes
     12,231  
Cash Interest
     24,303  
Scheduled Debt Payments
     2,263  
Cash Taxes
     245  
 
      
Fixed Charges
   $ 53,695  
 
      
Ratio of Adjusted EBITDA to Fixed Charges
     1.29