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EX-31.2 - RULE 13A-14(A)/15D-14(A) CERTIFICATION - NEW YORK TIMES COex312_62815.htm
EX-31.1 - RULE 13A-14(A)/15D-14(A) CERTIFICATION - NEW YORK TIMES COex311_62815.htm
EX-32.1 - CERTIFICATION PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 - NEW YORK TIMES COex321_62815.htm
10-Q - FORM 10-Q - NEW YORK TIMES COnyt6281510-qdocument.htm
EX-32.2 - CERTIFICATION PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 - NEW YORK TIMES COex322_62815.htm
EXHIBIT 12
The New York Times Company Ratio of Earnings to Fixed Charges (Unaudited)  

 
 
 
For the six months ended
 June 28, 2015
 
For the Years Ended
(In thousands, except ratio)
 
 
December 28, 2014
 
December 29, 2013
 
December 30, 2012
 
December 25, 2011
 
December 26, 2010
Earnings from continuing operations before fixed charges
 
 
 
 
 
 
 
 
 
 
 
 
Earnings from continuing operations before income taxes, noncontrolling interest and (loss)/income from joint ventures
 
$
5,019

 
$
38,218

 
$
98,014

 
$
255,621

 
$
66,283

 
$
52,474

Distributed earning from less than fifty-percent owned affiliates
 

 
3,914

 
1,400

 
9,251

 
3,463

 
8,325

Adjusted pre-tax earnings from continuing operations
 
5,019

 
42,132

 
99,414

 
264,872

 
69,746

 
60,799

Fixed charges less capitalized interest
 
26,562

 
62,869

 
63,032

 
67,243

 
90,252

 
92,143

Earnings from continuing operations before fixed charges
 
$
31,581

 
$
105,001

 
$
162,446

 
$
332,115

 
$
159,998

 
$
152,942

Fixed charges
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense, net of capitalized
interest(1)
 
$
24,292

 
$
58,914

 
$
59,588

 
$
63,218

 
$
85,693

 
$
86,291

Capitalized interest
 
157

 
152

 

 
17

 
427

 
299

Portion of rentals representative of interest factor
 
2,270

 
3,955

 
3,444

 
4,025

 
4,559

 
5,852

Total fixed charges
 
$
26,719

 
$
63,021

 
$
63,032

 
$
67,260

 
$
90,679

 
$
92,442

Ratio of earnings to fixed charges
 
1.18

 
1.67

 
2.58

 
4.94

 
1.76

 
1.65

Note:
The Ratio of Earnings to Fixed Charges should be read in conjunction with this Quarterly Report on Form 10-Q, as well as the Annual Report on Form 10-K for the year ended December 28, 2014 for The New York Times Company (the “Company”).
(1)
The Company’s policy is to classify interest expense recognized on uncertain tax positions as income tax expense. The Company has excluded interest expense recognized on uncertain tax positions from the Ratio of Earnings to Fixed Charges.