Form: 10-K

Annual report pursuant to Section 13 and 15(d)

March 28, 2016



 
 
 
Exhibit 12.1
 
 
 
 
THE HILLMAN COMPANIES, INC.
Computation of Ratio of Earnings to Fixed Charges
Year Ended December 31, 2015
(Dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
Loss before Income Taxes
 
$
(35,417
)
 
 
 
 
  Add fixed charges:
 
 
 
Interest expense
 
63,193

 
Interest portion of rent expense
 
4,767

 
 
 
 
Adjusted income
 
$
32,543

 
 
 
 
Fixed charges:
 
 
 
Interest expense
 
$
63,193

 
Interest portion of rent expense
 
4,767

 
 
 
 
Fixed Charges
 
$
67,960

 
 
 
 
Ratio of earnings to Fixed Charges (1)
 
0.48

 
 
 
 
 
 
 
 
(1) The ratio of earnings to fixed charges has been computed by adding loss before income taxes and fixed charges to derive adjusted income, and dividing adjusted income by fixed charges. Fixed charges consist of interest expense on debt (including the amortization of debt expense) and one-third (the proportion deemed representative of the interest portion) of rent expense.