Exhibit 12.1
Valmont Industries, Inc.
Computation of Ratios of Earnings to Fixed Charges
(dollars in thousands)
|
| Six months |
| Six months |
| Fiscal year |
| Fiscal year |
| Fiscal year |
| Fiscal year |
| Fiscal year |
|
|
| ended |
| ended |
| ended |
| ended |
| ended |
| ended |
| ended |
|
|
| June 28, |
| June 29, |
| December 28, |
| December 29, |
| December 31, |
| December 25, |
| December 26, |
|
|
| 2014 |
| 2013 |
| 2013 |
| 2012 |
| 2011 |
| 2010 |
| 2009 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed charges, as defined |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Expense |
| 16,501 |
| 16,215 |
| 32,502 |
| 31,625 |
| 36,175 |
| 30,947 |
| 15,760 |
|
Capitalized interest |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
|
Interest component of non-cancelable lease rent |
| 4,578 |
| 4,420 |
| 8,856 |
| 8,215 |
| 7,592 |
| 6,911 |
| 5,431 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total fixed charges (A) |
| 21,079 |
| 20,635 |
| 41,358 |
| 39,840 |
| 43,767 |
| 37,858 |
| 21,191 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings, as defined: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries |
| 186,530 |
| 251,124 |
| 449,417 |
| 359,290 |
| 233,757 |
| 152,982 |
| 226,084 |
|
Fixed Charges - from above |
| 21,079 |
| 20,635 |
| 41,358 |
| 39,840 |
| 43,767 |
| 37,858 |
| 21,191 |
|
Total earnings and fixed charges (B) |
| 207,609 |
| 271,759 |
| 490,775 |
| 399,130 |
| 277,524 |
| 190,840 |
| 247,275 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of earnings to fixed charges (B/A) |
| 9.85 |
| 13.17 |
| 11.87 |
| 10.02 |
| 6.34 |
| 5.04 |
| 11.67 |
|
