Exhibit 12.1
Historical | Pro Forma | |||||||||||||||||||||||||||||||
Three months ended | Fiscal year ended December 31, | Fiscal year ended December 31, | ||||||||||||||||||||||||||||||
March 28, 2010 | March 29, 2009 | 2009 | 2008 | 2007 | 2006 | 2005 | 2009 | |||||||||||||||||||||||||
Earnings | ||||||||||||||||||||||||||||||||
Net (loss) income attributable to Partners | $ | (36,686 | ) | $ | (17,018 | ) | $ | 21,914 | $ | 75,740 | $ | 91,888 | $ | 41,960 | $ | 35,268 | $ | 24,457 | ||||||||||||||
(Income) loss from joint ventures | (634 | ) | (799 | ) | (1,586 | ) | (2,673 | ) | (1,724 | ) | 711 | 178 | (1,586 | ) | ||||||||||||||||||
Fixed charges | 31,484 | 28,405 | 123,200 | 109,610 | 110,435 | 111,362 | 107,712 | 148,223 | ||||||||||||||||||||||||
Amortization of capitalized interest | 1,699 | 1,662 | 6,657 | 6,745 | 6,929 | 6,799 | 6,759 | 6,657 | ||||||||||||||||||||||||
Distributions from joint ventures | 541 | — | 3,161 | 3,691 | 3,681 | 164 | 529 | 3,161 | ||||||||||||||||||||||||
Capitalized interest | (3,091 | ) | (2,894 | ) | (13,701 | ) | (6,020 | ) | (1,848 | ) | (817 | ) | (244 | ) | (13,701 | ) | ||||||||||||||||
Earnings before fixed charges | $ | (6,687 | ) | $ | 9,356 | $ | 139,645 | $ | 187,093 | $ | 209,361 | $ | 160,179 | $ | 150,202 | $ | 167,211 | |||||||||||||||
Fixed Charges | ||||||||||||||||||||||||||||||||
Interest expense | $ | 28,204 | $ | 25,241 | $ | 108,388 | $ | 102,669 | $ | 107,906 | $ | 109,733 | $ | 106,701 | $ | 133,411 | ||||||||||||||||
Capitalized interest | 3,091 | 2,894 | 13,701 | 6,020 | 1,848 | 817 | 244 | 13,701 | ||||||||||||||||||||||||
Interest implicit in rentals | 189 | 270 | 1,111 | 921 | 681 | 812 | 767 | 1,111 | ||||||||||||||||||||||||
Total fixed charges | $ | 31,484 | $ | 28,405 | $ | 123,200 | $ | 109,610 | $ | 110,435 | $ | 111,362 | $ | 107,712 | $ | 148,223 | ||||||||||||||||
Ratio of earnings to fixed charges | n/a | n/a | 1.1 | 1.7 | 1.9 | 1.4 | 1.4 | 1.1 | ||||||||||||||||||||||||
Deficiency of earnings to cover fixed charges | $ | 38,171 | $ | 19,049 | n/a | n/a | n/a | n/a | n/a | n/a | ||||||||||||||||||||||