Exhibit 12.1
Valmont Industries, Inc.
Computation of Ratios of Earnings to Fixed Charges
(dollars in thousands)
|
| Three months |
| Three months |
| Fiscal year |
| Fiscal year |
| Fiscal year |
| Fiscal year |
| Fiscal year |
|
|
| ended |
| ended |
| ended |
| ended |
| ended |
| ended |
| ended |
|
|
| March 26, |
| March 27, |
| December 25, |
| December 26, |
| December |
| December |
| December |
|
|
| 2011 |
| 2010 |
| 2010 |
| 2009 |
| 27, 2008 |
| 29, 2007 |
| 30, 2006 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed charges, as defined |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Expense |
| 8,271 |
| 5,962 |
| 30,947 |
| 15,760 |
| 18,267 |
| 17,726 |
| 17,124 |
|
Capitalized interest |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
|
Interest component of non-cancelable lease rent |
| 2,003 |
| 1,364 |
| 6,911 |
| 5,431 |
| 4,927 |
| 3,782 |
| 3,510 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total fixed charges (A) |
| 10,274 |
| 7,326 |
| 37,858 |
| 21,191 |
| 23,194 |
| 21,508 |
| 20,634 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings, as defined: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries |
| 39,207 |
| 25,967 |
| 152,982 |
| 226,084 |
| 205,519 |
| 140,169 |
| 96,319 |
|
Fixed Charges - from above |
| 10,274 |
| 7,326 |
| 37,858 |
| 21,191 |
| 23,194 |
| 21,508 |
| 20,634 |
|
Total earnings and fixed charges (B) |
| 49,481 |
| 33,293 |
| 190,840 |
| 247,275 |
| 228,713 |
| 161,677 |
| 116,953 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of earnings to fixed charges (B/A) |
| 4.82 |
| 4.54 |
| 5.04 |
| 11.67 |
| 9.86 |
| 7.52 |
| 5.67 |
|