Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - INTERLINE BRANDS, INC./DE | a12-7587_110q.htm |
| EX-32.1 - EX-32.1 - INTERLINE BRANDS, INC./DE | a12-7587_1ex32d1.htm |
| EX-31.1 - EX-31.1 - INTERLINE BRANDS, INC./DE | a12-7587_1ex31d1.htm |
| EX-32.2 - EX-32.2 - INTERLINE BRANDS, INC./DE | a12-7587_1ex32d2.htm |
| EX-31.2 - EX-31.2 - INTERLINE BRANDS, INC./DE | a12-7587_1ex31d2.htm |
EXHIBIT 12.1
Ratio of Earnings to Fixed Charges
(amounts in thousands other than ratios)
Ratio of Earnings to Fixed Charges
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Three |
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Months |
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Year Ended |
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Ended |
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December 28, |
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December 26, |
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December 25, |
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December 31, |
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December 30, |
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March 30, |
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2007 |
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2008 |
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2009 |
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2010 |
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2011 |
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2012 |
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Earnings: |
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Income before income taxes |
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$ |
83,422 |
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$ |
65,458 |
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$ |
43,161 |
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$ |
46,750 |
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$ |
61,511 |
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$ |
12,332 |
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Fixed charges (from below) |
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43,711 |
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39,218 |
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29,600 |
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28,665 |
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35,002 |
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8,855 |
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Total earnings |
|
$ |
127,133 |
|
$ |
104,676 |
|
$ |
72,761 |
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$ |
75,415 |
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$ |
96,513 |
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$ |
21,187 |
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Fixed Charges: |
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Interest expense |
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$ |
33,923 |
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$ |
28,482 |
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$ |
19,044 |
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$ |
18,710 |
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$ |
24,355 |
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$ |
6,046 |
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Interest in rent expense estimated at 30% of rent expense |
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9,788 |
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10,736 |
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10,556 |
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9,955 |
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10,647 |
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2,809 |
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Total fixed charges (1) |
|
$ |
43,711 |
|
$ |
39,218 |
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$ |
29,600 |
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$ |
28,665 |
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$ |
35,002 |
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$ |
8,855 |
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Ratio of Earnings to Fixed Charges |
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2.9 |
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2.7 |
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2.5 |
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2.6 |
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2.8 |
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2.4 |
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(1) Preferred security dividends of Interline New Jersey are excluded from fixed charges as preferred stock is held solely by corporate parent.
Ratio of Earnings to Combined Fixed Charges and Preferred Dividends
(amounts in thousands other than ratios)
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Three |
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Months |
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Year Ended |
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Ended |
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December 28, |
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December 26, |
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December 25, |
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December 31, |
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December 30, |
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March 30, |
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2007 |
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2008 |
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2009 |
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2010 |
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2011 |
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2012 |
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Earnings: |
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Income before income taxes |
|
$ |
83,422 |
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$ |
65,458 |
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$ |
43,161 |
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$ |
46,750 |
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$ |
61,511 |
|
$ |
12,332 |
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|
Fixed charges (from below) |
|
43,711 |
|
39,218 |
|
29,600 |
|
28,665 |
|
35,002 |
|
8,855 |
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Total earnings |
|
$ |
127,133 |
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$ |
104,676 |
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$ |
72,761 |
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$ |
75,415 |
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$ |
96,513 |
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$ |
21,187 |
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Fixed Charges: |
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Interest expense |
|
$ |
33,923 |
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$ |
28,482 |
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$ |
19,044 |
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$ |
18,710 |
|
$ |
24,355 |
|
$ |
6,046 |
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|
Interest in rent expense estimated at 30% of rent expense |
|
9,788 |
|
10,736 |
|
10,556 |
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9,955 |
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10,647 |
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2,809 |
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Total fixed charges (1) |
|
$ |
43,711 |
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$ |
39,218 |
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$ |
29,600 |
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$ |
28,665 |
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$ |
35,002 |
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$ |
8,855 |
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Preferred dividends (calculated below) |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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Total combined fixed charges and preferred dividends |
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$ |
43,711 |
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$ |
39,218 |
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$ |
29,600 |
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$ |
28,665 |
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$ |
35,002 |
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$ |
8,855 |
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Ratio of Earnings to Combined Fixed Charges and Preferred Dividends |
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2.9 |
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2.7 |
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2.5 |
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2.6 |
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2.8 |
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2.4 |
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Surplus |
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$ |
(83,422 |
) |
$ |
(65,458 |
) |
$ |
(43,161 |
) |
$ |
(46,750 |
) |
$ |
(61,511 |
) |
$ |
(12,332 |
) |
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Preferred Dividends: |
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Preferred dividend amount (1) |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
|
$ |
— |
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Tax rate |
|
38.9 |
% |
37.6 |
% |
39.6 |
% |
40.3 |
% |
38.8 |
% |
39.5 |
% | ||||||
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Preferred dividends |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
(1) Preferred security dividends of Interline New Jersey are excluded from fixed charges as preferred stock is held solely by corporate parent.