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EX-32.2 - EXHIBIT 32.2 - DYCOM INDUSTRIES INCdyq1201810qex322.htm
EX-32.1 - EXHIBIT 32.1 - DYCOM INDUSTRIES INCdyq1201810qex321.htm
EX-31.2 - EXHIBIT 31.2 - DYCOM INDUSTRIES INCdyq1201810qex312.htm
EX-31.1 - EXHIBIT 31.1 - DYCOM INDUSTRIES INCdyq1201810qex311.htm
10-Q - 10-Q - DYCOM INDUSTRIES INCdyq1fy201810q.htm
Exhibit 12.1

Dycom Industries, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)

 
Three Months Ended
 
Fiscal Year Ended
 
October 28, 2017
 
July 29, 2017
 
July 30, 2016
 
July 25, 2015
 
July 26, 2014
 
July 27, 2013
Net income
$
28,776

 
$
157,217

 
$
128,740

 
$
84,324

 
$
39,978

 
$
35,188

Income tax expense
15,603

 
93,208

 
77,587

 
51,260

 
26,341

 
23,011

Fixed charges included in the determination of net income
14,543

 
56,866

 
51,363

 
39,970

 
39,528

 
34,774

Total earnings, as defined
$
58,922

 
$
307,291

 
$
257,690

 
$
175,554

 
$
105,847

 
$
92,973

 
 
 
 
 
 
 
 
 
 
 
 
Interest charges
$
9,708

 
$
37,377

 
$
34,733

 
$
27,029

 
$
26,837

 
$
23,335

Rental interest factor
4,835

 
19,489

 
16,630

 
12,941

 
12,691

 
11,439

Total fixed charges, as defined
$
14,543

 
$
56,866

 
$
51,363

 
$
39,970

 
$
39,528

 
$
34,774

 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
4.1x

 
5.4x

 
5.0x

 
4.4x

 
2.7x

 
2.7x