EX-12.1
Published on November 14, 2016
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
| Nine Months September 26, |
Year Ended | |||||||||||||||||||||||
| December 28, 2015 |
December 29, 2014 |
December 30, 2013 |
December 31, 2012 |
December 31, 2011 |
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| (In thousands) | ||||||||||||||||||||||||
| Fixed Charges: |
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| Interest expense |
$ | 60,741 | $ | 59,753 | $ | 23,830 | $ | 24,031 | $ | 25,784 | $ | 26,504 | ||||||||||||
| Interest capitalized |
1,572 | 888 | 551 | 1,125 | 1,774 | 1,828 | ||||||||||||||||||
| Estimated interest within rental expense |
2,294 | 2,454 | 1,244 | 1,121 | 1,034 | 994 | ||||||||||||||||||
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| Total Fixed Charges |
64,607 | 63,095 | 25,625 | 26,277 | 28,592 | 29,326 | ||||||||||||||||||
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| Earnings: |
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| Net (loss) income |
37,385 | (25,618 | ) | 14,693 | 23,893 | (181,100 | ) | 47,227 | ||||||||||||||||
| Fixed charges per above |
64,607 | 63,095 | 25,625 | 26,277 | 28,592 | 29,326 | ||||||||||||||||||
| Income taxes provision |
14,011 | 34,594 | 7,598 | 15,879 | 12,728 | 26,005 | ||||||||||||||||||
| Less: capitalized interest |
(1,572 | ) | (888 | ) | (551 | ) | (1,125 | ) | (1,774 | ) | (1,828 | ) | ||||||||||||
| Amortization of interest capitalized |
448 | 391 | 316 | 325 | 278 | 235 | ||||||||||||||||||
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| Total earnings |
114,879 | 71,574 | 47,681 | 65,249 | (141,276 | ) | 100,965 | |||||||||||||||||
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| Ratio of fixed charges |
1.8x | 1.1x | 1.9x | 2.5x | n/a | (1) | 3.4x | |||||||||||||||||
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| (1) | Earnings were not sufficient to cover fixed charges for period indicated. Additional earnings of $169,868 for the year ended December 31, 2012 would have been required to achieve a ratio of 1:1. |