Exhibit 12.1
The Chefs’ Warehouse, Inc.
Ratio of Earnings to Fixed Charges
(in thousands)
FISCAL YEAR ENDED | ||||||||||||||||||||
DESCRIPTION | DECEMBER 28, 2012 | DECEMBER 30, 2011 | DECEMBER 24, 2010 | DECEMBER 25, 2009 | DECEMBER 26, 2008 | |||||||||||||||
Earnings: | ||||||||||||||||||||
Pretax income | 25,075 | 13,301 | 18,441 | 11,174 | 5,646 | |||||||||||||||
Plus: | ||||||||||||||||||||
Fixed Charges | 3,689 | 14,570 | 4,756 | 3,212 | 3,597 | |||||||||||||||
Less: | ||||||||||||||||||||
Capitalized Interest | (15 | ) | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Earnings | 28,749 | 27,871 | 23,197 | 14,386 | 9,243 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Fixed Charges: | ||||||||||||||||||||
Expensed Interest (1) | 3,674 | 14,570 | 4,041 | 2,815 | 3,238 | |||||||||||||||
Capitalized Interest | 15 | |||||||||||||||||||
Amortized Deferred Financing Costs | 715 | 397 | 359 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Fixed Charges | 3,689 | 14,570 | 4,756 | 3,212 | 3,597 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Ratio of Earnings to Fixed Charges | 7.79x | 1.91x | 4.88x | 4.48x | 2.57x |
(1) | Expensed interest includes amortized debt premiums and amortized debt discounts for each of the fiscal years presented. Expensed interest also includes amortized deferred financing costs for fiscal 2011 and fiscal 2012. |