EX-12.1 11 dex121.htm STATEMENTS RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statements re Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12.1

Darling International Inc.

Statement of Ratio of Earning to Fixed Charges

(in thousands)

 

    Three Months
Ended		     Fiscal year ended  
    April 2, 2011     January 1, 2011     January 2, 2010     January 3, 2009     December 29, 2007     December 30, 2006  

Fixed charges:

            

Interest expense, including amortization of debt issue cost and discounts

   $ 14,228      $ 8,737      $ 3,105      $ 3,018      $ 5,045      $ 7,184   

Estimate of interest within rental expense (1)

     998        3,251        3,131        2,876        2,605        2,057   
                                               

Total Fixed charges

   $ 15,226      $ 11,988      $ 6,236      $ 5,894      $ 7,650      $ 9,241   
                                               

Earnings:

            

Pre-tax income

   $ 73,339      $ 70,343      $ 66,879      $ 89,916      $ 75,032      $ 7,373   

Fixed charges (calculated above)

     15,226        11,988        6,236        5,894        7,650        9,241   
                                               

Total Earnings

   $ 88,565      $ 82,331      $ 73,115      $ 95,810      $ 82,682      $ 16,614   
                                               

Ratio of earnings to fixed charges

     5.82        6.87        11.72        16.26        10.81        1.80   

 

(1) Rental expense includes lease and rental expenses on real property, equipment and rolling stock.

Note: Darling currently has no preferred securities outstanding and therefore, has not included a ratio of earnings to combined fixed charges and preferred dividends.