EX-12.1 2 trs-123111xexh121.htm EX-12.1
Exhibit 12.1
TriMas Corporation
Computation of Ratio of Earnings to Fixed Charges
(Dollars In Thousands)

| For The Years Ended December 31
| 2011 |  | 2010 |  | 2009 |  | 2008 |  | 2007
Earnings (Loss) Before Income Taxes and Fixed Charges: |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations before income taxes | 79,740 |  |  | 56,430 |  |  | 20,620 |  |  | (108,300 | ) |  | (180,400 | )
Fixed charges | 54,680 |  |  | 56,710 |  |  | 61,160 |  |  | 60,810 |  |  | 81,050 |
Earnings (loss) before income taxes and fixed charges | 134,420 |  |  | 113,140 |  |  | 81,780 |  |  | (47,490 | ) |  | (99,350 | )
Fixed Charges: |  |  |  |  |  |  |  |  |
Interest expense | 48,450 |  |  | 51,830 |  |  | 56,500 |  |  | 55,880 |  |  | 75,750 |
Estimated interest factor for rentals | 6,230 |  |  | 4,880 |  |  | 4,660 |  |  | 4,930 |  |  | 5,300 |
Fixed charges | 54,680 |  |  | 56,710 |  |  | 61,160 |  |  | 60,810 |  |  | 81,050 |
Ratio of earnings to fixed charges | 2.5 |  |  | 2.0 |  |  | 1.3 |  |  | n/a (1) |  |  | n/a (1) |

________________________________________
(1) For purposes of calculating the ratio of earnings to fixed charges, earnings represents income (loss) from continuing operations before income taxes plus fixed charges. Fixed charges include interest expense, including amortization of deferred financing costs and debt extinguishment costs, and the portion of operating rental expense which management believes is representative of the interest component of rent expense (assumed to be 33%). For the years ended December 31, 2008 and 2007, additional earnings of $108.3 million and $180.4 million, respectively, would have been required to make the ratio 1.0x.