EX-12.1 12 d456194dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12.1

Dycom Industries, Inc.

Computation of Ratio of Earnings to Fixed Charges

 

    Three Months
Ended
    Fiscal Year Ended  
    October 27,
2012
    July 28, 2012     July 30, 2011     July 31, 2010     July 25, 2009     July 26, 2008  
    (Dollars in thousands)  

Earnings, as defined:

           

Income (loss) from continuing operations before cumulative effect of changes in accounting principles

  $ 11,861      $ 39,378      $ 16,107      $ 5,849      $ (53,094   $ 24,404   

Income tax expense (benefit)

    7,641        25,183        12,377        4,881        (1,405     13,180   

Fixed charges included in the determination of net income

    5,963        24,001        22,185        20,292        21,921        20,520   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total earnings, as defined

  $ 25,465      $ 88,562      $ 50,669      $ 31,022      $ (32,578   $ 58,104   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed charges, as defined:

           

Interest charges

  $ 4,197      $ 16,745      $ 16,017      $ 14,272      $ 14,743      $ 13,096   

Rental interest factor

    1,766        7,256        6,168        6,020        7,178        7,424   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges, as defined

  $ 5,963      $ 24,001      $ 22,185      $ 20,292      $ 21,921      $ 20,520   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

    4.3     3.7     2.3     1.5     —          2.8