EX-12.1 5 exhibit121.htm exhibit121.htm - Generated by SEC Publisher for SEC Filing

Exhibit 12.1

Statement Regarding

SFN Group, Inc. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges

(Amounts in thousands, except ratios)

 

The following tables sets forth our historical ratio of earnings to fixed charges for the periods indicated:

Three months

Ended

Year 
Ended

March 28,
2010

December 27,
2009

December 28,
2008

December 30,
2007

December 31,
2006

January 1,
2006

(Losses) earnings :

(Loss) income from continuing

operations before income taxes

$

(6,098

)

$

(7,001

)

$

(141,270

)

$

46,476

$

33,931

$

34,312

Add:

Interest expense

1,461

4,126

5,703

3,746

1,965

3,205

Estimated operating lease interest (b)

561

2,215

2,838

2,411

2,422

2,414

Total (losses) earnings available for

fixed charges

$

(4,076

)

$

(660

)

$

(132,729

)

$

52,633

$

38,318

$

39,931

Fixed Charges:

Interest expense

1,461

4,126

5,703

3,746

1,965

3,205

Estimated operating lease interest (b)

561

2,215

2,838

2,411

2,422

2,414

Total fixed charges

$

2,022

$

6,341

$

8,541

$

6,157

$

4,387

$

5,619

Ratio of earnings to fixed charges

(a)

(a)

(a)

8.55

8.73

7.11

(a)

The losses available for fixed charges for the three months ended March 28, 2010, and the years ended December 27, 2009 and

December 28, 2008 were inadequate to cover the total fixed charges.  The coverage deficiencies in earnings available for fixed

charges for a one-to-one ratio for the three months ended March 28, 2010, and the years ended December 27, 2009 and

December 28 2008 were: $6,098, $7,001 and $141,270, respectively.

(b)

The estimated interest portions of operating leases were calculated based upon the company's lease portfolio and cost of borrowing.