EX-12 5 exh12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exh12.htm

Exhibit 12

 
INTERFACE, INC.

COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES

   
For the Year Ended
   
For the
Three Months Ended
   
   
January 2,
2005
   
January 1,
2006
   
December  31,
2006
   
December  30,
2007
   
December  28,
2008
   
March 30,
2008
   
April 5,
2009
   
   
(in thousands, except for the ratio amounts)
EARNINGS:
                                           
Income (loss) from continuing operations before taxes
  $ 10,261     $ 32,023     $ 56,847     $ 94,554     $ 8,527     $ 22,955     $ (3,849 )  
Fixed charges
    60,300       58,981       54,475       44,915       43,436       10,354       9,930    
Amortization of capitalized interest
    149       202       319       453       618       155       156    
Capitalized interest
    (600 )     (900 )     (1,127 )     (896 )     (960 )     (210 )     (115 )  
    $ 70,110     $ 90,306     $ 110,514     $ 139,026     $ 51,621     $ 33,254     $ 6,122    
                                                           
FIXED CHARGES:
                                                         
Amortization of deferred debt costs
  $ 3,644     $ 2,307     $ 1,857     $ 1,201     $ 1,404     $ 351     $ 335    
Interest expense
    46,023       45,541       42,204       34,110       31,480       7,828       7,673    
Capitalized interest
    600       900       1,127       896       960       210       115    
Interest element of rent expense
    10,033       10,233       9,287       8,708       9,592       1,965       1,807    
    $ 60,300     $ 58,981     $ 54,475     $ 44,915     $ 43,436     $ 10,354     $ 9,930    
                                                           
Ratio of earnings to fixed charges
    1.2 x     1.5 x     2.0 x     3.1 x     1.2 x     3.2 x     0.6 x
 (1)

(1) For the quarter ended April 5, 2009, earnings were insufficient to cover fixed charges by $3.8 million.