EX-12.1 2 dyq1201710qex121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1
Dycom Industries, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)

 
Three Months Ended
 
Fiscal Year Ended
 
October 29, 2016
 
July 30, 2016
 
July 25, 2015
 
July 26, 2014
 
July 27, 2013
 
July 28, 2012
Net income
$
51,050

 
$
128,740

 
$
84,324

 
$
39,978

 
$
35,188

 
$
39,378

Income tax expense
30,306

 
77,587

 
51,260

 
26,341

 
23,011

 
25,183

Fixed charges included in the determination of net income
13,535

 
51,363

 
39,970

 
39,528

 
34,774

 
24,001

Total earnings, as defined
$
94,891

 
$
257,690

 
$
175,554

 
$
105,847

 
$
92,973

 
$
88,562

 
 
 
 
 
 
 
 
 
 
 
 
Interest charges
$
9,073

 
$
34,733

 
$
27,029

 
$
26,837

 
$
23,335

 
$
16,745

Rental interest factor
4,462

 
16,630

 
12,941

 
12,691

 
11,439

 
7,256

Total fixed charges, as defined
$
13,535

 
$
51,363

 
$
39,970

 
$
39,528

 
$
34,774

 
$
24,001

 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
7.0x

 
5.0x

 
4.4x

 
2.7x

 
2.7x

 
3.7x