EX-12.1 2 gb01012016ex121.htm EX-12.1 Exhibit


EXHIBIT 12.1
RATIO OF EARNINGS TO FIXED CHARGES (Unaudited)
 
 
Year Ended
 
Jan. 1,
2016
 
Jan. 2,
2015
 
Jan. 3,
2014
 
Dec. 28,
2012
 
Dec. 30,
2011
Earnings:
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes
$
(15,700
)
 
$
76,579

 
$
48,838

 
$
6,730

 
$
48,392

Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest expense
22,193

 
3,479

 
4,895

 
5,497

 
5,539

Discounts & debt issuance costs
11,320

 
773

 
6,366

 
12,557

 
11,389

Interest portion of rental expense
2,172

 
1,413

 
1,460

 
1,056

 
766

Total earnings and fixed charges
$
19,985

 
$
82,244


$
61,559


$
25,840


$
66,086

Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest expense
$
22,193


$
3,479


$
4,895


$
5,497


$
5,539

Discounts & debt issuance costs
11,320


773


6,366


12,557


11,389

Interest portion of rental expense
2,172


1,413


1,460


1,056


766

Total fixed charges
$
35,685

 
$
5,665

 
$
12,721

 
$
19,110

 
$
17,694

Ratio of earnings to fixed charges
0.6

 
14.5

 
4.8

 
1.4

 
3.7