Exhibit 12
INTERFACE, INC.
COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
RATIO OF EARNINGS TO FIXED CHARGES
For the Year Ended | ||||||||||||||||||||
December | December | December | ||||||||||||||||||
31, | 30, | 28, | January 3, | January 2, | ||||||||||||||||
2006 | 2007 | 2008 | 2010 | 2011 | ||||||||||||||||
(in thousands except for the ratio amounts) | ||||||||||||||||||||
EARNINGS: | ||||||||||||||||||||
Income (loss) from continuing operations before taxes | $ | 56,847 | $ | 94,554 | $ | 8,527 | $ | 22,025 | $ | 14,564 | ||||||||||
Fixed charges | 54,475 | 44,915 | 43,436 | 46,242 | 43,901 | |||||||||||||||
Amortization of capitalized interest | 319 | 453 | 618 | 640 | 573 | |||||||||||||||
Capitalized interest | (1,127 | ) | (896 | ) | (960 | ) | (270 | ) | (562 | ) | ||||||||||
$ | 110,514 | $ | 139,026 | $ | 51,621 | $ | 68,637 | $ | 58,476 | |||||||||||
FIXED CHARGES: | ||||||||||||||||||||
Amortization of deferred debt costs | $ | 1,857 | $ | 1,201 | $ | 1,404 | $ | 1,926 | $ | 2,248 | ||||||||||
Interest expense | 42,204 | 34,110 | 31,480 | 34,297 | 33,129 | |||||||||||||||
Capitalized interest | 1,127 | 896 | 960 | 270 | 562 | |||||||||||||||
Interest element of rent expense | 9,287 | 8,708 | 9,592 | 9,749 | 7,962 | |||||||||||||||
$ | 54,475 | $ | 44,915 | $ | 43,436 | $ | 46,242 | $ | 43,901 | |||||||||||
Ratio of earnings to fixed charges | 2.0x | 3.1x | 1.2x | 1.5x | 1.3x |