Exhibit12.1
The Chefs’ Warehouse, Inc.
Ratio of Earnings to Fixed Charges
(in thousands)
THREE MONTHS ENDED | FISCAL YEAR ENDED | |||||||||||||||||||||||
DESCRIPTION | MARCH 25, 2016 | DECEMBER 25, 2015 | DECEMBER 26, 2014 | DECEMBER 24, 2013 | DECEMBER 28, 2012 | DECEMBER 30, 2011 | ||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Pretax income | 1,701 | 27,711 | 24,848 | 28,798 | 25,075 | 13,301 | ||||||||||||||||||
Plus: | ||||||||||||||||||||||||
Fixed Charges | 3,656 | 13,723 | 8,989 | 7,865 | 3,689 | 14,570 | ||||||||||||||||||
Less: | ||||||||||||||||||||||||
Capitalized Interest | — | (739 | ) | (822 | ) | (90 | ) | (15 | ) | |||||||||||||||
Earnings | 5,357 | 40,695 | 33,015 | 36,573 | 28,749 | 27,871 | ||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Expensed Interest(1) | 3,656 | 12,984 | 8,167 | 7,775 | 3,674 | 14,570 | ||||||||||||||||||
Capitalized Interest | — | 739 | 822 | 90 | 15 | |||||||||||||||||||
Amortized Deferred Financing Costs | — | — | — | — | ||||||||||||||||||||
Fixed Charges | 3,656 | 13,723 | 8,989 | 7,865 | 3,689 | 14,570 | ||||||||||||||||||
Ratio of Earnings to Fixed Charges | 1.47 | x | 2.97 | x | 3.67 | x | 4.65 | x | 7.79 | x | 1.91 | x |
(1) | Expensed interest includes amortized debt premiums, discounts and deferred financing costs for each of the periods presented. |