EXHIBIT 12.1
Published on March 28, 2016
Exhibit 12.1 |
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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 |
) |
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Add fixed charges: |
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Interest expense |
63,193 |
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Interest portion of rent expense |
4,767 |
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Adjusted income |
$ |
32,543 |
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Fixed charges: |
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Interest expense |
$ |
63,193 |
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Interest portion of rent expense |
4,767 |
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Fixed Charges |
$ |
67,960 |
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Ratio of earnings to Fixed Charges (1) |
0.48 |
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(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. |