EXHIBIT 12.1
Dycom Industries, Inc.
Computation of Ratio of Earnings to Fixed Charges
| Three Months Ended | Fiscal Year Ended | |||||||||||||||||||||||
| October 27, 2012 | July 28, 2012 | July 30, 2011 | July 31, 2010 | July 25, 2009 | July 26, 2008 | |||||||||||||||||||
| (Dollars in thousands) | ||||||||||||||||||||||||
Earnings, as defined: | ||||||||||||||||||||||||
Income (loss) from continuing operations before cumulative effect of changes in accounting principles | $ | 11,861 | $ | 39,378 | $ | 16,107 | $ | 5,849 | $ | (53,094 | ) | $ | 24,404 | |||||||||||
Income tax expense (benefit) | 7,641 | 25,183 | 12,377 | 4,881 | (1,405 | ) | 13,180 | |||||||||||||||||
Fixed charges included in the determination of net income | 5,963 | 24,001 | 22,185 | 20,292 | 21,921 | 20,520 | ||||||||||||||||||
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Total earnings, as defined | $ | 25,465 | $ | 88,562 | $ | 50,669 | $ | 31,022 | $ | (32,578 | ) | $ | 58,104 | |||||||||||
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Fixed charges, as defined: | ||||||||||||||||||||||||
Interest charges | $ | 4,197 | $ | 16,745 | $ | 16,017 | $ | 14,272 | $ | 14,743 | $ | 13,096 | ||||||||||||
Rental interest factor | 1,766 | 7,256 | 6,168 | 6,020 | 7,178 | 7,424 | ||||||||||||||||||
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Total fixed charges, as defined | $ | 5,963 | $ | 24,001 | $ | 22,185 | $ | 20,292 | $ | 21,921 | $ | 20,520 | ||||||||||||
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Ratio of earnings to fixed charges | 4.3 | x | 3.7 | x | 2.3 | x | 1.5 | x | — | 2.8 | x | |||||||||||||