Exhibit 12
Coca-Cola Bottling Co. Consolidated
Ratio of Earnings to Fixed Charges
(In Thousands, Except Ratios)
Ratio of Earnings to Fixed Charges
(In Thousands, Except Ratios)
| Third Quarter | First Nine Months | |||||||||||||||
| 2011 | 2010 | 2011 | 2010 | |||||||||||||
| Computation of Earnings: | ||||||||||||||||
| Income before income taxes | $ | 15,877 | $ | 24,821 | $ | 45,665 | $ | 54,686 | ||||||||
| Add: | ||||||||||||||||
| Interest expense | 8,488 | 8,259 | 25,170 | 24,721 | ||||||||||||
| Amortization of debt premium/discount and expenses | 603 | 590 | 1,744 | 1,760 | ||||||||||||
| Interest portion of rent expense | 447 | 411 | 1,275 | 1,238 | ||||||||||||
| Earnings as adjusted | $ | 25,415 | $ | 34,081 | $ | 73,854 | $ | 82,405 | ||||||||
| Computation of Fixed Charges: | ||||||||||||||||
| Interest expense | $ | 8,488 | $ | 8,259 | $ | 25,170 | $ | 24,721 | ||||||||
| Capitalized interest | 19 | 8 | 141 | 85 | ||||||||||||
| Amortization of debt premium/discount and expenses | 603 | 590 | 1,744 | 1,760 | ||||||||||||
| Interest portion of rent expense | 447 | 411 | 1,275 | 1,238 | ||||||||||||
| Fixed charges | $ | 9,557 | $ | 9,268 | $ | 28,330 | $ | 27,804 | ||||||||
| Ratio of Earnings to Fixed Charges | 2.66 | 3.68 | 2.61 | 2.96 | ||||||||||||