Attached files
| file | filename |
|---|---|
| 8-K - 8-K - ANIXTER INTERNATIONAL INC | d791131d8k.htm |
| EX-23.1 - EX-23.1 - ANIXTER INTERNATIONAL INC | d791131dex231.htm |
EXHIBIT 12.1
ANIXTER INTERNATIONAL INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (a)
| (In Millions) | ||||||||||||||||||||||||
| Fiscal Year Ended | Six Months Ended | |||||||||||||||||||||||
| January 1, | December 31, | December 30, | December 28, | January 3, | July 4, | |||||||||||||||||||
| 2010 (d) | 2010 | 2011 | 2012 (d) | 2014 | 2014 | |||||||||||||||||||
| Earnings |
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| Income from continuing operations |
($41.4 | ) | $ | 109.5 | $ | 200.7 | $ | 124.6 | $ | 200.4 | $ | 101.2 | ||||||||||||
| Income tax provision |
39.8 | 70.7 | 102.8 | 84.6 | 95.6 | 42.7 | ||||||||||||||||||
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| Subtotal |
(1.6 | ) | 180.2 | 303.5 | 209.2 | 296.0 | 143.9 | |||||||||||||||||
| Fixed charges |
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| Interest expense (b) |
66.1 | 53.6 | 50.1 | 59.7 | 47.4 | 21.3 | ||||||||||||||||||
| Interest component of rent expense |
19.6 | 19.1 | 20.5 | 20.9 | 20.9 | 10.5 | ||||||||||||||||||
| Interest on FIN 48 liabilities (c) |
0.7 | 0.6 | 0.3 | 2.4 | 0.8 | 0.1 | ||||||||||||||||||
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| Total fixed charges |
86.4 | 73.3 | 70.9 | 83.0 | 69.1 | 31.9 | ||||||||||||||||||
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| Earnings, as adjusted |
$ | 84.8 | $ | 253.5 | $ | 374.4 | $ | 292.2 | $ | 365.1 | $ | 175.8 | ||||||||||||
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| Ratio of earnings to fixed charges |
0.98 | 3.46 | 5.28 | 3.52 | 5.28 | 5.51 | ||||||||||||||||||
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| (a) | The ratio of earnings to fixed charges should be read in conjunction with the Company’s Year End Report on Form 10-K for the year ended January 3, 2014. |
| (b) | Includes interest on all indebtedness (including capital leases), amortization of debt discount and deferred financing fees. |
| (c) | Interest attributable to liabilities associated with Financial Accounting Standards Board Interpretation No. 48 (“FIN 48”), Accounting for Uncertainty in Income Taxes. |
| (d) | The ratio of earnings to fixed charge for the fiscal year end January 1, 2010 and December 28, 2012 were impacted by goodwill and long-lived asset impairment charges of $100.0 million and $48.5 million, respectively. |