Attached files
| file | filename |
|---|---|
| 8-K - 8-K - HUTCHINSON TECHNOLOGY INC | d809266d8k.htm |
| EX-99.1 - EX-99.1 - HUTCHINSON TECHNOLOGY INC | d809266dex991.htm |
| EX-10.2 - EX-10.2 - HUTCHINSON TECHNOLOGY INC | d809266dex102.htm |
| EX-4.2 - EX-4.2 - HUTCHINSON TECHNOLOGY INC | d809266dex42.htm |
| EX-4.6 - EX-4.6 - HUTCHINSON TECHNOLOGY INC | d809266dex46.htm |
| EX-4.4 - EX-4.4 - HUTCHINSON TECHNOLOGY INC | d809266dex44.htm |
| EX-10.1 - EX-10.1 - HUTCHINSON TECHNOLOGY INC | d809266dex101.htm |
| EX-5.1 - EX-5.1 - HUTCHINSON TECHNOLOGY INC | d809266dex51.htm |
| EX-4.5 - EX-4.5 - HUTCHINSON TECHNOLOGY INC | d809266dex45.htm |
| EX-4.1 - EX-4.1 - HUTCHINSON TECHNOLOGY INC | d809266dex41.htm |
Exhibit 12.1
Ratio of Earnings to Fixed Charges
(Dollar amounts in thousands)
| Thirty-Nine Weeks |
||||||||||||||||||||||||
| Fiscal Year Ended | Ended | |||||||||||||||||||||||
| September 27, 2009 |
September 26, 2010 |
September 25, 2011 |
September 30, 2012 |
September 29, 2013 |
June 29, 2014 |
|||||||||||||||||||
| Earnings |
||||||||||||||||||||||||
| Pretax loss from continuing operations |
$ | (168,916 | ) | $ | (60,507 | ) | $ | (55,479 | ) | $ | (48,437 | ) | $ | (35,060 | ) | $ | (36,035 | ) | ||||||
| Plus: |
||||||||||||||||||||||||
| Fixed charges |
23,562 | 18,327 | 17,342 | 19,234 | 17,161 | 12,722 | ||||||||||||||||||
| Amortization of capitalized interest |
2,319 | 1,057 | 811 | 727 | 1,085 | 877 | ||||||||||||||||||
| Minus: |
||||||||||||||||||||||||
| Interest capitalized |
(589 | ) | (1,071 | ) | (972 | ) | (1,630 | ) | (1,278 | ) | (592 | ) | ||||||||||||
| Earnings |
$ | (143,624 | ) | $ | (42,194 | ) | $ | (38,298 | ) | $ | (30,106 | ) | $ | (18,092 | ) | $ | (23,028 | ) | ||||||
| Fixed Charges |
||||||||||||||||||||||||
| Add: |
||||||||||||||||||||||||
| Interest expense and capitalized(1) |
$ | 19,109 | $ | 16,113 | $ | 15,185 | $ | 16,981 | $ | 15,481 | $ | 11,658 | ||||||||||||
| Amortized premiums, discounts and capitalized expense related to indebtedness |
1,242 | 834 | 852 | 1,200 | 918 | 657 | ||||||||||||||||||
| Estimate of interest within rental expense |
3,211 | 1,380 | 1,305 | 1,053 | 762 | 407 | ||||||||||||||||||
| Preference security dividend requirements |
||||||||||||||||||||||||
| Total Fixed Charges |
$ | 23,562 | $ | 18,327 | $ | 17,342 | $ | 19,234 | $ | 17,161 | $ | 12,722 | ||||||||||||
| Ratio of Earnings to Fixed Charges |
(A | ) | (A | ) | (A | ) | (A | ) | (A | ) | (A | ) | ||||||||||||
| (1) | For the fiscal years ended September 27, 2009, September 26, 2010, September 25, 2011, and September 30, 2012, September 29, 2013 and the 39 weeks ended June 29, 2014, interest expensed and capitalized includes non-cash interest of $8,793, $8,456, $7,576, $5,467, $3,335 and $2,475. |
| (A) | Due to insufficient earnings or losses, the ratio coverage was less than 1:1 for each period presented in the table above. We would have needed to generate additional earnings of $167,186 for the fiscal year ended September 27, 2009, $60,521 for the fiscal year ended September 26, 2010, $55,640 for the fiscal year ended September 25, 2011, $49,340 for the fiscal year ended September 30, 2012, $35,253 for the fiscal year ended September 29, 2014 and $35,750 for the 39 weeks ended June 29, 2014 in order to cover the fixed charges in those periods. |