Attached files
file | filename |
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EX-31.1 - RULE 13A-14(A)/15D-14(A) CERTIFICATION - NEW YORK TIMES CO | ex311_92715.htm |
EX-32.2 - CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION - NEW YORK TIMES CO | ex322_92715.htm |
EX-32.1 - CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION - NEW YORK TIMES CO | ex321_92715.htm |
EX-10.2 - SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN - NEW YORK TIMES CO | ex102_92715.htm |
EX-10.1 - DEFERRED EXECUTIVE COMPENSATION PLAN - NEW YORK TIMES CO | ex101_92715.htm |
EX-10.4 - SUPPLEMENTAL EXECUTIVE SAVINGS PLAN - NEW YORK TIMES CO | ex104_92715.htm |
EX-10.3 - SAVINGS RESTORATION PLAN - NEW YORK TIMES CO | ex103_92715.htm |
EX-31.2 - RULE 13A-14(A)/15D-14(A) CERTIFICATION - NEW YORK TIMES CO | ex312_92715.htm |
10-Q - FORM 10-Q - NEW YORK TIMES CO | nyt9271510-qdocument.htm |
EXHIBIT 12
The New York Times Company Ratio of Earnings to Fixed Charges (Unaudited)
For the nine months ended September 27, 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 | $ | 17,825 | $ | 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 | 17,825 | 42,132 | 99,414 | 264,872 | 69,746 | 60,799 | |||||||||||||||||||
Fixed charges less capitalized interest | 38,557 | 62,869 | 63,032 | 67,243 | 90,252 | 92,143 | |||||||||||||||||||
Earnings from continuing operations before fixed charges | $ | 56,382 | $ | 105,001 | $ | 162,446 | $ | 332,115 | $ | 159,998 | $ | 152,942 | |||||||||||||
Fixed charges | |||||||||||||||||||||||||
Interest expense, net of capitalized interest(1) | $ | 35,306 | $ | 58,914 | $ | 59,588 | $ | 63,218 | $ | 85,693 | $ | 86,291 | |||||||||||||
Capitalized interest | 242 | 152 | — | 17 | 427 | 299 | |||||||||||||||||||
Portion of rentals representative of interest factor | 3,251 | 3,955 | 3,444 | 4,025 | 4,559 | 5,852 | |||||||||||||||||||
Total fixed charges | $ | 38,799 | $ | 63,021 | $ | 63,032 | $ | 67,260 | $ | 90,679 | $ | 92,442 | |||||||||||||
Ratio of earnings to fixed charges | 1.45 | 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. |