EXHIBIT 12.1
Darling International Inc.
Statement of Ratio of Earning to Fixed Charges
(in thousands)
Three Months Ended | Fiscal year ended | |||||||||||||||||||||||
April 2, 2011 | January 1, 2011 | January 2, 2010 | January 3, 2009 | December 29, 2007 | December 30, 2006 | |||||||||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest expense, including amortization of debt issue cost and discounts | $ | 14,228 | $ | 8,737 | $ | 3,105 | $ | 3,018 | $ | 5,045 | $ | 7,184 | ||||||||||||
Estimate of interest within rental expense (1) | 998 | 3,251 | 3,131 | 2,876 | 2,605 | 2,057 | ||||||||||||||||||
Total Fixed charges | $ | 15,226 | $ | 11,988 | $ | 6,236 | $ | 5,894 | $ | 7,650 | $ | 9,241 | ||||||||||||
Earnings: | ||||||||||||||||||||||||
Pre-tax income | $ | 73,339 | $ | 70,343 | $ | 66,879 | $ | 89,916 | $ | 75,032 | $ | 7,373 | ||||||||||||
Fixed charges (calculated above) | 15,226 | 11,988 | 6,236 | 5,894 | 7,650 | 9,241 | ||||||||||||||||||
Total Earnings | $ | 88,565 | $ | 82,331 | $ | 73,115 | $ | 95,810 | $ | 82,682 | $ | 16,614 | ||||||||||||
Ratio of earnings to fixed charges | 5.82 | 6.87 | 11.72 | 16.26 | 10.81 | 1.80 |
(1) | Rental expense includes lease and rental expenses on real property, equipment and rolling stock. |
Note: Darling currently has no preferred securities outstanding and therefore, has not included a ratio of earnings to combined fixed charges and preferred dividends.