EX-12.1 4 brcd-10kxfy15xex121.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit


Exhibit 12.1
Statement of Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratios)

 
Fiscal Year Ended
 
 
October 31, 2015
 
November 1, 2014
 
October 26, 2013
 
October 27, 2012
 
October 29, 2011
 
Earnings from continuing operations before taxes
$
439,051

 
$
353,621

 
$
330,461

 
$
224,401

 
$
79,428

 
Adjustments:
 
 
 
 
 
 
 
 
 
 
Add fixed charges from continuing operations
59,949

 
41,401

 
60,698

 
55,745

 
101,349

 
Earnings before taxes and fixed charges
$
499,000

 
$
395,022

 
$
391,159

 
$
280,146

 
$
180,777

 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
$
55,578

 
$
36,757

 
$
55,261

 
52,488

 
$
97,838

 
Interest component of rent expense
4,371

 
4,644

 
5,437

 
3,257

 
3,511

 
Total fixed charges from continuing operations
$
59,949

 
$
41,401

 
$
60,698

 
$
55,745

 
$
101,349

 
Ratio of earnings to fixed charges (1)
8.3

x
9.5

x
6.4

x
5.0

x
1.8

x
Coverage deficiency
—

 
—

 
—

 
—

 
—

 
(1) 
The ratio of earnings to fixed charges was computed by dividing earnings from continuing operations before taxes and fixed charges, by total fixed charges from continuing operations for the periods indicated. Fixed charges from continuing operations include (i) interest expense and capitalization and amortization of debt discount and issuance costs on all indebtedness and (ii) one-third of all rental expense, which the Company considers to be a reasonable approximation of the interest factor included in rental expense.