EX-12.1 8 brcd-10kxfy13xex121.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES BRCD-10K - FY13 - EX12.1


Exhibit 12.1
Statement of Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratios)

 
Fiscal Year Ended
 
 
October 26, 2013
 
October 27, 2012
 
October 29, 2011
 
October 30, 2010
 
October 31, 2009
 
Earnings from continuing operations before taxes
330,461

 
224,401

 
79,428

 
106,970

 
(76,575
)
 
Adjustments:
 
 
 
 
 
 
 
 
 
 
Add fixed charges
60,698

 
55,745

 
101,349

 
99,824

 
115,668

 
Less capitalized interest

 

 

 
(7,755
)
 
(9,093
)
 
Total fixed charges from continuing operations
60,698

 
55,745

 
101,349

 
92,069

 
106,575

 
Earnings before taxes and fixed charges, net of capitalized interest
391,159

 
280,146

 
180,777

 
199,039

 
30,000

 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
55,261

 
52,488

 
97,838

 
85,858

 
99,294

 
Capitalized interest

 

 

 
7,755

 
9,093

 
Interest component of rent expense
5,437

 
3,257

 
3,511

 
6,211

 
7,281

 
Total fixed charges from continuing operations
60,698

 
55,745

 
101,349

 
99,824

 
115,668

 
Ratio of earnings to fixed charges (1)
6.4

x
5.0

x
1.8

x
2.0

x
0.3

x
Coverage deficiency

 

 

 

 
85,668

 

(1)
The ratio of earnings to fixed charges was computed by dividing earnings from continuing operations before taxes and fixed charges, net of capitalized interest, by total fixed charges from continuing operations for the periods indicated. Fixed charges from continuing operations include (i) interest expense and capitalization and amortization of debt discount and issuance costs on all indebtedness and (ii) one-third of all rental expense, which the Company considers to be a reasonable approximation of the interest factor included in rental expense.