Exhibit 12.1
STATEMENT OF RATIO OF EARNINGS TO FIXED CHARGES
Three Months Ended | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | ||||||||||||
(dollars in thousands) | Sept. 28, 2013 | June 29, 2013 | June 30, 2012 | July 2, 2011 | July 3, 2010 | June 27, 2009 | |||||||||||
Numerator: Earnings | |||||||||||||||||
Pre-tax income or loss from continuing operations before adjustment for income or loss from equity investees | (506 | ) | 9,816 | (10,509 | ) | 22,698 | 16,545 | 7,344 | |||||||||
Fixed charges | 1,033 | 3,997 | 4,132 | 2,616 | 3,509 | 4,718 | |||||||||||
Amortization of capitalized interest | — | — | — | — | — | — | |||||||||||
Distributed income of equity investees | — | — | — | — | — | — | |||||||||||
Pre-tax losses of equity investees for which charges arising from guarantees are included in fixed charges | — | — | — | — | — | — | |||||||||||
Less: interest capitalized | — | — | — | — | — | — | |||||||||||
Less: preference security dividend requirements of consolidated subsidiaries | — | — | — | — | — | — | |||||||||||
Less: the noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges | — | — | — | — | — | — | |||||||||||
Total Earnings | 527 | 13,813 | (6,377 | ) | 25,314 | 20,054 | 12,062 | ||||||||||
Denominator: Fixed Charges | |||||||||||||||||
Interest expense | 1,033 | 3,997 | 4,132 | 2,616 | 3,509 | 4,718 | |||||||||||
Capitalized interest | — | — | — | — | — | — | |||||||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness | * | * | * | * | * | * | |||||||||||
Estimate of the interest within rental expense | 580 | 2,200 | 2,187 | 2,192 | 1,983 | 1,991 | |||||||||||
Preference security dividend requirements of consolidated subsidiaries | — | — | — | — | — | — | |||||||||||
Total Fixed Charges | 1,613 | 6,197 | 6,319 | 4,808 | 5,492 | 6,709 | |||||||||||
* Included in the interest expense. | |||||||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 0.33 | 2.23 | (1.01 | ) | 5.27 | 3.65 | 1.80 |