Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - VALSPAR CORP | d96050d8k.htm |
Exhibit 12.1
THE VALSPAR CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Fiscal Year Ended | ||||||||||||||||||||||||
| Six Months Ended May 1, 2015 |
October 31, 2014 | October 25, 2013 | October 26, 2012 | October 28, 2011 | October 29, 2010 | |||||||||||||||||||
| Earnings |
||||||||||||||||||||||||
| Net Income (Loss) Before benefit for income taxes |
275,980 | 491,882 | 423,795 | 417,224 | (103,154 | ) | 319,197 | |||||||||||||||||
| Plus: Fixed Charges per below |
42,707 | 79,159 | 77,811 | 83,445 | 76,744 | 67,967 | ||||||||||||||||||
| Total Earnings (Loss) |
318,687 | 571,041 | 501,606 | 500,669 | (26,410 | ) | 387,164 | |||||||||||||||||
| Fixed Charges |
||||||||||||||||||||||||
| Interest on Debt |
34,874 | 61,338 | 59,978 | 62,274 | 60,283 | 56,696 | ||||||||||||||||||
| Amortization of Debt Expense |
2,489 | 6,646 | 5,458 | 5,185 | 1,093 | 1,369 | ||||||||||||||||||
| Interest on Rental Expense |
5,343 | 11,176 | 12,375 | 15,986 | 15,369 | 9,902 | ||||||||||||||||||
| Total Fixed Charges |
42,707 | 79,159 | 77,811 | 83,445 | 76,744 | 67,967 | ||||||||||||||||||
| Ratio Earnings to Fixed Charges |
7.5 | 7.2 | 6.4 | 6.0 | N/A | 5.7 | ||||||||||||||||||
| Deficiency of Earnings Available to Cover Fixed Charges |
— | — | — | — | (103,154 | ) | — | |||||||||||||||||