EX-12.1 2 a2233287zex-12_1.htm EX-12.1

Exhibit 12.1

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(dollars in thousands)

 

 

 

Six Months Ended

 

Year Ended

 

 

 

June 30, 2017
(Unaudited)

 

December 30, 2016

 

January 1, 2016

 

January 2, 2015

 

December 27, 2013

 

December 28, 2012

 

Income (loss) before income tax expense

 

$

6,500

 

$

11,367

 

$

7,341

 

$

8,426

 

$

2,762

 

$

(19,383

)

Interest expense

 

$

65

 

$

179

 

$

207

 

$

16

 

$

94

 

$

106

 

Capitalized interest

 

—

 

—

 

—

 

—

 

—

 

—

 

Interest portion of rent expense(1)

 

$

600

 

$

1,072

 

$

947

 

$

1,001

 

$

1,135

 

$

1,205

 

Total Earnings

 

$

7,165

 

$

12,618

 

$

8,495

 

$

9,443

 

$

3,991

 

$

(18,072

)

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

65

 

$

179

 

$

207

 

$

16

 

$

94

 

$

106

 

Capitalized interest

 

—

 

—

 

—

 

—

 

—

 

—

 

Interest portion of rent expense(1)

 

$

600

 

$

1,072

 

$

947

 

$

1,001

 

$

1,135

 

$

1,205

 

Total fixed charges

 

$

665

 

$

1,251

 

$

1,154

 

$

1,017

 

$

1,229

 

$

1,311

 

Ratio of Earnings to Fixed Charges(2)(3)

 

10.77x

 

10.09x

 

7.36x

 

9.29x

 

3.25x

 

—

 

 

(1) One third of rent expense is the portion deemed representative of the interest factor.

(2) Earnings were insufficient to cover fixed charges by $19.4 million for the year ended December 28, 2012.

(3) The Company did not have any preferred stock outstanding for any of the periods shown above.