EX-12.1 19 g25447exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
Hanesbrands Inc.
Ratio of Earnings to Fixed Charges
(Dollars in thousands)
(Unaudited)
                                                         
    Nine Months                             Six Months        
    Ended             Years Ended             Ended     Years Ended  
    October 2, 2010     January 2, 2010     January 3, 2009     December 29, 2007     December 30, 2006     July 1, 2006     July 2, 2005  
Earnings, as defined:
                                                        
Income from continuing operations before income tax expense, noncontrolling interest and income/loss from equity investees
   $ 207,903     $ 52,456     $ 163,195     $ 185,321     $ 112,830     $ 417,543     $ 343,099  
Fixed charges
     128,366       191,442       179,003       223,395       90,168       44,366       52,596  
Amortization of capitalized interest
     2,867       3,722       3,632       3,676       2,024       4,227       5,000  
Distributed income of equity investees
     —       —       —       —       —       —       3,030  
Interest capitalized
     (1,639 )     (6,559 )     (4,047 )     (2,184 )     (1,904 )     (4,656 )     (1,694 )
Noncontrolling interest in pre-tax income
     (1,019 )     (1,173 )     (158 )     (1,195 )     (910 )     (1,224 )     (55 )
 
                                          
Total earnings, as defined
   $ 336,478     $ 239,888     $ 341,625     $ 409,013     $ 202,208     $ 460,256     $ 401,976  
 
                                          
 
                                                        
Fixed charges, as defined:
                                                        
Interest expense
   $ 102,495     $ 159,222     $ 155,280     $ 201,131     $ 78,692     $ 26,075     $ 35,244  
Amortized premiums, discounts and capitalized expenses related to indebtedness
     9,724       10,967       6,032       6,475       2,279       —       —  
Interest factor in rental expenses
     16,147       21,253       17,691       15,789       9,197       18,291       17,352  
 
                                          
Total fixed charges, as defined
   $ 128,366     $ 191,442     $ 179,003     $ 223,395     $ 90,168     $ 44,366     $ 52,596  
 
                                          
 
                                                        
Ratio of earnings to fixed charges
     2.62       1.25       1.91       1.83       2.24       10.37       7.64  
 
Note:   The Ratio of Earnings to Fixed Charges should be read in conjunction with the financial statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations incorporated by reference in the registration statement along with which this exhibit has been filed. The interest expense included in the fixed charges calculation above excludes interest expense relating to the Company’s uncertain tax positions. The percentable of rent included in the calculation is a reasonable approximation of the interest factor.