EX-12.1 2 gb01022015ex1211.htm EX-12.1 GB 01.03.2014 EX 12.1 (1)


EXHIBIT 12.1
RATIO OF EARNINGS TO FIXED CHARGES (Unaudited)
 
 
Year Ended
 
Jan. 2,
2015
 
Jan. 3,
2014
 
Dec. 28,
2012
 
Dec. 30,
2011
 
Dec. 31,
2010
Earnings:
 
 
 
 
 
 
 
 
 
Income before income taxes
$
76,579

 
$
48,838

 
$
6,730

 
$
48,392

 
$
49,325

Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest expense
3,479

 
4,895

 
5,497

 
5,539

 
7,839

Discounts & deferred financing fees
773

 
6,366

 
12,557

 
11,389

 
10,680

Interest portion of rental expense
1,413

 
1,460

 
1,056

 
766

 
848

Total earnings and fixed charges
$
82,244

 
$
61,559


$
25,840


$
66,086


$
68,692

Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest expense
$
3,479


$
4,895


$
5,497


$
5,539


$
7,839

Discounts & deferred financing fees
773


6,366


12,557


11,389


10,680

Interest portion of rental expense
1,413


1,460


1,056


766


848

Total fixed charges
$
5,665

 
$
12,721

 
$
19,110

 
$
17,694

 
$
19,367

Ratio of earnings to fixed charges
14.5

 
4.8

 
1.4

 
3.7

 
3.5