Exhibit 12.1
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
Six months ended June 26, 2016 | Fiscal Year ended December 27, 2015 | Fiscal Year ended December 28, 2014 | Fiscal Year ended December 29, 2013 | Fiscal Year ended December 30, 2012 | Fiscal Year ended December 25, 2011 | |||||||||||||||||||
Fixed charges as defined: | ||||||||||||||||||||||||
Interest expense | $ | 67,128 | $ | 88,513 | $ | 96,174 | $ | 132,354 | $ | 198,484 | $ | 208,319 | ||||||||||||
One-third of non-cancelable lease rent | 3,391 | 5,101 | 4,699 | 4,317 | 4,620 | 3,771 | ||||||||||||||||||
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Total fixed charges (A) | $ | 70,519 | $ | 93,614 | $ | 100,873 | $ | 136,671 | $ | 203,104 | $ | 212,090 | ||||||||||||
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Earnings as defined: | ||||||||||||||||||||||||
Earnings (loss) before income taxes | $ | 121,043 | $ | 336,387 | $ | 416,218 | $ | 160,824 | $ | 85,220 | $ | (24,811 | ) | |||||||||||
Add fixed charges | 70,519 | 93,614 | 100,873 | 136,671 | 203,104 | 212,090 | ||||||||||||||||||
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Earnings and fixed charges (B) | $ | 191,562 | $ | 430,001 | $ | 517,091 | $ | 297,495 | $ | 288,324 | $ | 187,279 | ||||||||||||
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Ratio of earnings to fixed charges: (B/A) | 2.72x | 4.59x | 5.13x | 2.18x | 1.42x | NM | (1) |
(1) | The Company’s earnings for the fiscal year ended December 25, 2011 were insufficient to cover fixed charges by $24.8 million. |