EX-12.1 5 a2210129zex-12_1.htm EX-12.1

Exhibit 12.1

 

Computation of Ratio of Earnings to Fixed Charges

 

 

 

First Quarters Ended

 

Periods Ended

 

Years Ended

 

 

 

June 30,
2012

 

 

July 2,
2011

 

January 15, 2012
to
March 31, 2012

 

 

April 3, 2011
to

January 14, 2012

 

April 2,
 2011

 

March 27,
2010

 

March 28,
2009

 

March 29,
2008

 

 

 

(Successor)

 

 

(Predecessor)

 

(Successor)

 

 

(Predecessor)

 

(Predecessor)

 

(Predecessor)

 

(Predecessor)

 

(Predecessor)

 

 

 

(Amounts in thousands, except ratios)

 

Income (Loss) before provision for income taxes and income attributed to noncontrolling interest

 

$

 8,228

 

 

$

28,425

 

$

(3,190

)

 

$

83,447

 

$

118,224

 

$

93,551

 

$

13,907

 

$

288

 

Add fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense (a)

 

16,016

 

 

301

 

16,223

 

 

381

 

77

 

174

 

937

 

953

 

Estimate of interest within rental expense

 

1,536

 

 

1,408

 

1,320

 

 

4,472

 

5,759

 

6,150

 

6,171

 

5,498

 

Income before income taxes, noncontrolling interest and fixed charges

 

$

 25,780

 

 

$

30,134

 

$

14,353

 

 

$

88,300

 

$

124,060

 

$

99,875

 

$

21,015

 

$

6,739

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

16,016

 

 

301

 

16,223

 

 

381

 

77

 

174

 

937

 

953

 

Estimate of interest within rental expense

 

1,536

 

 

1,408

 

1,320

 

 

4,472

 

5,759

 

6,150

 

6,171

 

5,498

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

 17,552

 

 

$

1,709

 

$

17,543

 

 

$

4,853

 

$

5,836

 

$

6,324

 

$

7,108

 

$

6,451

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

1.5x

 

 

17.6x

 

0.8x

 

 

18.2x

 

21.3x

 

15.8x

 

3.0x

 

1.0x

 

 


(a)       Interest expense consists of interest expenses on all indebtedness plus amortization of debt discount and deferred financing fees.