EX-12 5 exh_12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exh_12.htm
 
 

Exhibit 12

 
INTERFACE, INC.

COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES

   
 
For the Year Ended
    
For the
Nine Months Ended
  
   
January 1,
2006
    
December  31,
2006
    
December  30,
2007
    
December  28,
2008
    
January  3,
2010
    
October 4,
2009
    
October 3,
2010
  
   
(in thousands except for the ratio amounts)
  
EARNINGS:
                                          
Income (loss) from continuing operations before taxes
   $ 32,023     $ 56,847     $ 94,554     $ 8,527     $ 22,025     $ 11,776     $ 35,821  
Fixed charges
     58,981       54,475       44,915       43,436       46,242       33,786       33,310  
Amortization of capitalized interest
     202       319       453       618       640       481       430  
Capitalized interest
     (900 )     (1,127 )     (896 )     (960 )     (270 )     (203 )     (346 )
    $ 90,306     $ 110,514     $ 139,026     $ 51,621     $ 68,637     $ 45,840     $ 69,215  
                                                         
FIXED CHARGES:
                                                        
Amortization of deferred debt costs
   $ 2,307     $ 1,857     $ 1,201     $ 1,404     $ 1,926     $ 1,335     $ 1,731  
Interest expense
     45,541       42,204       34,110       31,480       34,297       24,936       25,346  
Capitalized interest
     900       1,127       896       960       270       203       346  
Interest element of rent expense
     10,233       9,287       8,708       9,592       9,749       7,312       5,887  
    $ 58,981     $ 54,475     $ 44,915     $ 43,436     $ 46,242     $ 33,786     $ 33,310  
                                                         
Ratio of earnings to fixed charges
     1.5 x     2.0 x     3.1 x     1.2 x     1.5 x     1.4 x     2.1 x