EX-12.1 2 a2013q4ex-121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 2013.Q4.EX-12.1

Exhibit 12.1
STATER BROS. HOLDINGS INC.
Computation of Ratio of Earnings to Fixed Charges
(Dollar amounts in thousands)
(Unaudited)
 
 
Sept. 27,
2009(1)

 
Sept. 26,
2010(1)

 
Sept. 25,
2011(1)

 
Sept. 30,
2012(1)

 
Sept. 29,
2013(1)

Earnings:
 
 
 
 
 
 
 
 
 
Income before income taxes
$
54,250

 
$
41,171

 
$
44,446

 
$
63,577

 
$
50,917

Amortization of capitalized interest
849

 
843

 
829

 
824

 
826

Interest
65,572

 
65,330

 
51,640

 
45,985

 
44,438

Less interest capitalized during the period
(522
)
 
(16
)
 
(353
)
 
(396
)
 
(361
)
Net amortization of debt discount and premium and issuance expense
3,202

 
3,202

 
6,009

 
2,293

 
2,224

Interest portion of rental expense
25,319

 
26,891

 
27,316

 
28,046

 
28,727

Earnings as adjusted
$
148,670

 
$
137,421

 
$
129,887

 
$
140,329

 
$
126,771

Fixed charges:
 
 
 
 
 
 
 
 
 
Interest
$
65,572

 
$
65,330

 
$
51,640

 
$
45,985

 
$
44,438

Net amortization of debt discount and premium and issuance expense
3,202

 
3,202

 
6,009

 
2,293

 
2,224

Interest portion of rental expense
25,319

 
26,891

 
27,316

 
28,046

 
28,727

Fixed Charges
$
94,093

 
$
95,423

 
$
84,965

 
$
76,324

 
$
75,389

Ratio of earnings to fixed charges
1.58

 
1.44

 
1.53

 
1.84

 
1.68

 
(1) Fiscal years 2009, 2010, 2011 and 2013 were 52-week years while fiscal 2012 was a 53-week year.