Exhibit 12.1
ARAMARK AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES(A)
(Unaudited)
(In thousands)
Fiscal Year Ended October 2, 2015 | Fiscal Year Ended October 3, 2014 (B) | Fiscal Year Ended September 27, 2013 | Fiscal Year Ended September 28, 2012 | Fiscal Year Ended September 30, 2011 | |||||||||||||||||
Income from continuing operations before income taxes | $ | 341,996 | $ | 229,677 | $ | 90,629 | $ | 124,968 | $ | 95,969 | |||||||||||
Fixed charges, excluding capitalized interest | 351,474 | 402,396 | 491,025 | 522,431 | 526,033 | ||||||||||||||||
Undistributed earnings of less than 50% owned affiliates | (14,716 | ) | (14,968 | ) | (17,056 | ) | (21,423 | ) | (24,523 | ) | |||||||||||
Earnings, as adjusted | $ | 678,754 | $ | 617,105 | $ | 564,598 | $ | 625,976 | $ | 597,479 | |||||||||||
Interest expense | $ | 290,151 | $ | 339,224 | $ | 430,275 | $ | 462,284 | $ | 469,773 | |||||||||||
Portion of operating lease rentals representative of interest factor | 60,600 | 62,667 | 59,767 | 59,133 | 56,033 | ||||||||||||||||
Fixed charges | $ | 350,751 | $ | 401,891 | $ | 490,042 | $ | 521,417 | $ | 525,806 | |||||||||||
Ratio of earnings to fixed charges | 1.9 | x | 1.5 | x | 1.2 | x | 1.2 | x | 1.1 | x |
(A) | For the purpose of determining the ratio of earnings to fixed charges, earnings include pretax income (loss) from continuing operations plus fixed charges (excluding capitalized interest). Fixed charges consist of interest on all indebtedness (including capitalized interest) plus that portion of operating lease rentals representative of the interest factor (deemed to be one-third of operating lease rentals). |
(B) | Fiscal 2014 was a 53 week year. |