EX-12.1 44 g05831exv12w1.htm EX-12.1 EX-12.1
 

Exhibit 12.1
Hanesbrands Inc.
Ratio of Earnings to Fixed Charges
(Dollars in thousands)
(Unaudited)
                                                 
    Six Months        
    Ended     Years Ended  
    December 30,     July 1,     July 2,     July 3,     June 28,     June 29,  
    2006     2006     2005     2004     2003     2002  
Earnings, as defined:
                                               
Income from continuing operations before income taxes, minority interest and income/loss from equity investees
  $ 112,830     $ 417,543     $ 343,099     $ 397,512     $ 545,838     $ 472,296  
Fixed charges
    90,168       44,366       52,596       52,743       59,538       18,491  
Amortization of capitalized interest
    2,024       4,227       5,000       6,438       7,990       9,219  
Distributed income of equity investees
                3,030       3,943       4,929       3,920  
Interest capitalized
    (1,904 )     (4,656 )     (1,694 )     (1,353 )     (1,839 )     (5,536 )
Minority interest in pre-tax income
    (910 )     (1,224 )     (55 )     100              
 
                                   
Total earnings, as defined
  $ 202,208     $ 460,256     $ 401,976     $ 459,383     $ 616,456     $ 498,390  
 
                                   
 
                                               
Fixed charges, as defined:
                                               
Interest expense
  $ 78,692     $ 26,075     $ 35,244     $ 37,411     $ 44,245     $ 2,509  
Amortized premiums, discounts and capitalized expenses related to indebtedness
    2,279                                
Interest factor in rental expenses
    9,197       18,291       17,352       15,332       15,293       15,982  
 
                                   
Total fixed charges, as defined
  $ 90,168     $ 44,366     $ 52,596     $ 52,743     $ 59,538     $ 18,491  
 
                                   
 
                                               
Ratio of earnings to fixed charges
    2.24       10.37       7.64       8.71       10.35       26.95  
Note:   The Ratio of Earnings to Fixed Charges should be read in conjunction with the Consolidated Financial Statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations in this Form S-4.