EX-12 5 g87956exv12.txt EX-12 COMPUTATION OF RATIO OF EARNINGS . . . INTERFACE, INC. EXHIBIT 12 RATIO OF EARNINGS TO FIXED CHARGES (in thousands)
January 22, December 31, December 30, December 29, December 28, 2000 2000 2001 2002 2003 ----------- ------------ ------------ ------------ ------------ EARNINGS Income (loss) from continuing operations before taxes $ 38,292 $ 29,415 $(37,467) $(27,664) $(28,625) Fixed charges 44,651 44,539 46,607 50,822 51,070 Amortization of capitalized interest 490 515 555 530 520 Minority interest 122 326 530 368 476 Capitalized interest (400) (500) (700) (100) (300) -------- -------- -------- -------- -------- $ 83,155 $ 74,295 $ 9,525 $ 23,956 $ 23,141 ======== ======== ======== ======== ======== FIXED CHARGES Amortization of deferred debt costs $ 1,648 $ 1,662 $ 1,560 $ 2,392 $ 2,407 Interest expense 39,211 36,959 35,887 42,022 42,820 Capitalized interest 400 500 700 100 300 Interest element of rent expense 5,040 7,080 10,020 8,700 7,950 -------- -------- -------- -------- -------- $ 44,651 $ 44,539 $ 46,607 $ 50,822 $ 51,070 ======== ======== ======== ======== ======== Ratio of earnings to fixed charges 1.86 1.67 0.20 (1) 0.47 (1) 0.45 (1)
--------- (1) For the fiscal years ended 2001, 2002 and 2003, earnings were insufficient to cover fixed charges by $37.1 million, $26.9 million and $27.9 million, respectively.