EX-12.1 2 d605785dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Ratio of Earnings to Fixed Charges

(in millions, except for ratios)

 

    Fiscal Year Ended     Six Months
Ended
 
    December 28,
2008
    January 3,
2010
    January 2,
2011
    January 1,
2012
    December 31,
2012
    July 1,
2012
    June 30,
2013
 

Earnings:

             

Pre-tax income (excluding equity income of affiliates)

  $ 80.6     $ 92.7     $ 84.5     $ 111.3     $ 100.4     $ 55.6     $ 49.0  

Interest Expense (including the interest element of rental expense and write-off of deferred financing fees)

    37.9       42.9       58.2       88.9       104.1       48.2       52.5  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Earnings + Fixed Charges

  $ 118.5     $ 135.6     $ 142.7     $ 200.2     $ 204.5     $ 103.8     $ 101.5  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed Charges:

             

Interest Expense (including the interest element of rental expense and write-off of deferred financing fees)

  $ 37.9     $ 42.9     $ 58.2     $ 88.9     $ 104.1     $ 48.2     $ 52.5  

Capitalized interest

    4.3       4.9       4.1       3.1       1.2       1.2       —    
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Fixed Charges (Including capitalized interest)

  $ 42.2     $ 47.8     $ 62.3     $ 92.0     $ 105.3     $ 49.4     $ 52.5  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of Earnings to Fixed Charges

    2.8       2.8       2.3       2.2       1.9       2.1       1.9