Exhibit 12.1
Hanesbrands Inc.
Ratio of Earnings to Fixed Charges(1)
(Dollars in thousands)
(Unaudited)
Ratio of Earnings to Fixed Charges(1)
(Dollars in thousands)
(Unaudited)
| Six-Months Ended | Year Ended | Six-Months Ended | Year Ended | |||||||||||||||||||||||||
| June 28, 2008 | December 29, 2007 | December 30, 2006 | July 1, 2006 | July 2, 2005 | July 3, 2004 | June 28, 2003 | ||||||||||||||||||||||
| Earnings as defined: | ||||||||||||||||||||||||||||
| Income from continuing operations before income tax expense, minority interest and income/loss from equity investees | $ | 123,419 | $ | 185,321 | $ | 112,830 | $ | 417,543 | $ | 343,099 | $ | 397,512 | $ | 545,838 | ||||||||||||||
| Fixed charges | 89,399 | 223,395 | 90,168 | 44,366 | 52,596 | 52,743 | 59,538 | |||||||||||||||||||||
| Amortization of capitalized interest | 1,691 | 3,676 | 2,024 | 4,227 | 5,000 | 6,438 | 7,990 | |||||||||||||||||||||
| Distributed income of equity investees | — | — | — | — | 3,030 | 3,943 | 4,929 | |||||||||||||||||||||
| Interest capitalized | (1,540 | ) | (2,184 | ) | (1,904 | ) | (4,656 | ) | (1,694 | ) | (1,353 | ) | (1,839 | ) | ||||||||||||||
| Minority interest in pre-tax income | (567 | ) | (1,195 | ) | (910 | ) | (1,224 | ) | (55 | ) | 100 | — | ||||||||||||||||
| Total earnings, as defined | $ | 212,402 | $ | 409,013 | $ | 202,208 | $ | 460,256 | $ | 401,976 | $ | 459,383 | $ | 616,456 | ||||||||||||||
| Fixed charges, as defined: | ||||||||||||||||||||||||||||
| Interest Expense | $ | 77,999 | $ | 201,131 | $ | 78,692 | $ | 26,075 | $ | 35,244 | $ | 37,411 | $ | 44,245 | ||||||||||||||
| Amortized premiums, discounts and capitalized expenses related to indebtedness | 3,105 | 6,475 | 2,279 | — | — | — | — | |||||||||||||||||||||
| Interest factor in rental expenses | 8,385 | 15,789 | 9,197 | 18,291 | 17,352 | 15,332 | 15,293 | |||||||||||||||||||||
| Total fixed charges, as defined | $ | 89,399 | $ | 223,395 | $ | 90,168 | $ | 44,366 | $ | 52,596 | $ | 52,743 | $ | 59,538 | ||||||||||||||
| Ratio of earnings to fixed charges: | 2.38 | 1.83 | 2.24 | 10.37 | 7.64 | 8.71 | 10.35 | |||||||||||||||||||||
| (1) | The Ratio of Earnings to Fixed Charges should be read in conjunction with the Consolidated Financial Statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations incorporated by reference into the registration statement along with which this exhibit has been filed. The interest expense included in the fixed charges calculation above excludes interest expense relating to the Company’s uncertain tax positions. The percentage of rent included in the calculation is a reasonable approximation of the interest factor. |