Exhibit 12.1
FARMER BROS. CO.
Statement of Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratios)
| Farmer Bros. Co. | ||||||||||||||||||||||||
| Year Ended June 30, 2017 | Year Ended June 30, 2016 | Year Ended June 30, 2015 | Year Ended June 30, 2014 | Year Ended June 30, 2013 | Year Ended June 30, 2012 | |||||||||||||||||||
Earnings | ||||||||||||||||||||||||
Income (loss) before taxes | $ | 40,354 | $ | 9,921 | $ | 1,054 | $ | 12,837 | $ | (9,287 | ) | $ | (26,923 | ) | ||||||||||
Fixed charges (see below) | 2,225 | 570 | 1,083 | 1,996 | 3,402 | 4,209 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Earnings | $ | 42,579 | $ | 10,491 | $ | 2,137 | $ | 14,833 | $ | (6,245 | ) | $ | (22,714 | ) | ||||||||||
Fixed Charges | ||||||||||||||||||||||||
Interest expense | 2,185 | 425 | 769 | 1,258 | 1,782 | 2,137 | ||||||||||||||||||
Interest within rental expense | 40 | 145 | 314 | 738 | 1,260 | 2,072 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Fixed charges | 2,225 | $ | 570 | $ | 1,083 | $ | 1,996 | $ | 3,042 | $ | 4,209 | |||||||||||||
Ratio of earnings to fixed charges | 19.14 | 18.41 | 1.97 | 7.43 | -2.05 | -5.40 | ||||||||||||||||||
Deficiency | — | $ | — | $ | — | $ | — | $ | (9,287 | ) | (26,923 | ) | ||||||||||||
