Exhibit 12.1
Hanesbrands Inc.
Ratio of Earnings to Fixed Charges
(Dollars in thousands)
(Unaudited)
| Nine Months Ended | Years Ended | |||||||||||||||||||||||
| September 28, 2013 | December 29, 2012 | December 31, 2011 | January 1, 2011 | January 2, 2010 | January 3, 2009 | |||||||||||||||||||
Earnings, as defined: | ||||||||||||||||||||||||
Income from continuing operations before income tax expense, noncontrolling interest and income/loss from equity investees | $ | 365,739 | $ | 263,606 | $ | 284,822 | $ | 211,304 | $ | 51,628 | $ | 137,844 | ||||||||||||
Fixed charges | 95,565 | 163,475 | 183,030 | 174,045 | 190,421 | 178,731 | ||||||||||||||||||
Amortization of capitalized interest | 2,056 | 2,842 | 3,252 | 3,824 | 3,722 | 3,632 | ||||||||||||||||||
Distributed income of equity investees | — | — | — | — | — | — | ||||||||||||||||||
Interest capitalized | (700 | ) | (1,155 | ) | (2,043 | ) | (2,190 | ) | (6,559 | ) | (4,047 | ) | ||||||||||||
Noncontrolling interest in pre-tax income | — | — | — | (1,019 | ) | (1,173 | ) | (158 | ) | |||||||||||||||
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Total earnings, as defined | $ | 462,660 | $ | 428,768 | $ | 469,061 | $ | 385,964 | $ | 238,039 | $ | 316,002 | ||||||||||||
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Fixed charges, as defined: | ||||||||||||||||||||||||
Interest expense | $ | 72,090 | $ | 130,094 | $ | 148,759 | $ | 139,827 | $ | 158,567 | $ | 155,247 | ||||||||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness | 5,160 | 9,168 | 10,367 | 12,739 | 10,967 | 6,032 | ||||||||||||||||||
Interest factor in rental expenses | 18,315 | 24,213 | 23,904 | 21,479 | 20,887 | 17,452 | ||||||||||||||||||
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Total fixed charges, as defined | $ | 95,565 | $ | 163,475 | $ | 183,030 | $ | 174,045 | $ | 190,421 | $ | 178,731 | ||||||||||||
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Ratio of earnings to fixed charges | 4.84 | 2.62 | 2.56 | 2.22 | 1.25 | 1.77 | ||||||||||||||||||
| Note: | The Ratio of Earnings to Fixed Charges should be read in conjunction with our consolidated financial statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations incorporated by reference in this Registration Statement. The interest expense included in the fixed charges calculation above excludes interest expense relating to the Company’s uncertain tax positions. The interest factor in rental expenses is calculated as one-third of rent expense. |