Exhibit 12.1
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Fiscal Year Ended | Six Months Ended | |||||||||||||||||||||||
December 31, 2011 | December 29, 2012 | December 28, 2013 | January 3, 2015 | January 2, 2016 | July 2, 2016 | |||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Pre-tax income from continuing operations | $ | 1,934 | ($ | 860 | ) | $ | 2,633 | $ | 2,587 | $ | 288 | ($ | 242 | ) | ||||||||||
Total fixed charges | 166 | 143 | 104 | 74 | 126 | 107 | ||||||||||||||||||
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Total earnings | $ | 2,100 | ($ | 717 | ) | $ | 2,737 | $ | 2,661 | $ | 414 | ($ | 135 | ) | ||||||||||
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Fixed charges: | ||||||||||||||||||||||||
Interest expense | $ | 1 | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||
Estimation of interest within rental expense | 165 | 143 | 104 | 74 | 126 | 107 | ||||||||||||||||||
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Total fixed charges | $ | 166 | $ | 143 | $ | 104 | $ | 74 | $ | 126 | $ | 107 | ||||||||||||
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Ratio of earnings to fixed charges | 12.7 | N/A | 26.4 | 35.8 | 3.3 | N/A |
For FY 2012 and the first six months of FY 2016, we would have had to generate earnings of $860 thousand and $242 thousand, respectively, in order to have a ratio of earnings to fixed charges of 1 to 1.