EX-12.1 9 v184033_ex12-1.htm

Unassociated Document

Exhibit 12.1

Wabash National Corporation

Computation of Ratio of Earnings to Fixed Charges

		Three Months Ended
($ in 000's)		March 31, 2010				2009				2008				2007				2006				2005
Earnings
Pretax income (loss)			(139,079	)			(104,766	)			(108,762	)			24,688				16,302				74,056
Add: Total fixed charges			3,107				8,033				4,850				5,755				6,921				6,431
Less: Preferred Stock Dividends			(1,999	)			(3,320	)			—				—				—				—
Total Earnings			(137,971	)			(100,053	)			(103,912	)			30,443				23,223				80,487
Fixed Charges
Interest Expense			1,027				4,379				4,657				5,755				6,921				6,431
Preferred Stock Dividends			1,999				3,320				—				—				—				—
Capital Lease Principal Payments			81				334				193				—				—				—
Total Fixed Charges			3,107				8,033				4,850				5,755				6,921				6,431
Fixed Charge Ratio			—				—				—				5.29				3.36				12.52

For purposes of calculating the ratio of earnings to fixed charges, earnings is defined as pretax income (loss) plus fixed charges less preferred stock dividends.  Fixed charges include interest expense (including amortization of deferred financing costs), preferred stock dividends and principal payments made under capital lease obligations.