Exhibit 12
INTERFACE, INC.
COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
For the Year Ended | For the Nine Months Ended | |||||||||||||||||||||||||||
January 1, 2006 | December 31, 2006 | December 30, 2007 | December 28, 2008 | January 3, 2010 | October 4, 2009 | October 3, 2010 | ||||||||||||||||||||||
(in thousands except for the ratio amounts) | ||||||||||||||||||||||||||||
EARNINGS: | ||||||||||||||||||||||||||||
Income (loss) from continuing operations before taxes | $ | 32,023 | $ | 56,847 | $ | 94,554 | $ | 8,527 | $ | 22,025 | $ | 11,776 | $ | 35,821 | ||||||||||||||
Fixed charges | 58,981 | 54,475 | 44,915 | 43,436 | 46,242 | 33,786 | 33,310 | |||||||||||||||||||||
Amortization of capitalized interest | 202 | 319 | 453 | 618 | 640 | 481 | 430 | |||||||||||||||||||||
Capitalized interest | (900 | ) | (1,127 | ) | (896 | ) | (960 | ) | (270 | ) | (203 | ) | (346 | ) | ||||||||||||||
$ | 90,306 | $ | 110,514 | $ | 139,026 | $ | 51,621 | $ | 68,637 | $ | 45,840 | $ | 69,215 | |||||||||||||||
FIXED CHARGES: | ||||||||||||||||||||||||||||
Amortization of deferred debt costs | $ | 2,307 | $ | 1,857 | $ | 1,201 | $ | 1,404 | $ | 1,926 | $ | 1,335 | $ | 1,731 | ||||||||||||||
Interest expense | 45,541 | 42,204 | 34,110 | 31,480 | 34,297 | 24,936 | 25,346 | |||||||||||||||||||||
Capitalized interest | 900 | 1,127 | 896 | 960 | 270 | 203 | 346 | |||||||||||||||||||||
Interest element of rent expense | 10,233 | 9,287 | 8,708 | 9,592 | 9,749 | 7,312 | 5,887 | |||||||||||||||||||||
$ | 58,981 | $ | 54,475 | $ | 44,915 | $ | 43,436 | $ | 46,242 | $ | 33,786 | $ | 33,310 | |||||||||||||||
Ratio of earnings to fixed charges | 1.5 | x | 2.0 | x | 3.1 | x | 1.2 | x | 1.5 | x | 1.4 | x | 2.1 | x |