Exhibit 12.1
STATER BROS. HOLDINGS INC.
Computation of Ratio of Earnings to Fixed Charges
(Dollar amounts in thousands)
(Unaudited)
Sept. 30, 2007(1) | Sept. 28, 2008(1) | Sept. 27, 2009(1) | Sept. 26, 2010(1) | Sept. 25, 2011(1) | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Income before income taxes | $ | 82,674 | $ | 66,630 | $ | 54,250 | $ | 41,171 | $ | 44,446 | ||||||||||
Amortization of capitalized interest | 226 | 469 | 849 | 843 | 829 | |||||||||||||||
Interest | 67,849 | 65,531 | 65,572 | 65,330 | 51,640 | |||||||||||||||
Less interest capitalized during the period | (9,806 | ) | (11,261 | ) | (522 | ) | (16 | ) | (352 | ) | ||||||||||
Net amortization of debt discount and premium and issuance expense | 5,496 | 3,193 | 3,202 | 3,202 | 6,008 | |||||||||||||||
Interest portion of rental expense | 21,762 | 23,021 | 25,319 | 26,891 | 27,316 | |||||||||||||||
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Earnings as adjusted | $ | 168,201 | $ | 147,583 | $ | 148,670 | $ | 137,421 | $ | 129,887 | ||||||||||
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Fixed charges: | ||||||||||||||||||||
Interest | $ | 67,849 | $ | 65,531 | $ | 65,572 | $ | 65,330 | $ | 51,640 | ||||||||||
Net amortization of debt discount and premium and issuance expense | 5,496 | 3,193 | 3,202 | 3,202 | 6,008 | |||||||||||||||
Interest portion of rental expense | 21,762 | 23,021 | 25,319 | 26,891 | 27,316 | |||||||||||||||
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Fixed Charges | $ | 95,107 | $ | 91,745 | $ | 94,093 | $ | 95,423 | $ | 84,964 | ||||||||||
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Ration of earnings to fixed charges | 1.77 | 1.61 | 1.58 | 1.44 | 1.53 | |||||||||||||||
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(1) | Fiscal years 2008, 2009, 2010 and 2011 were 52-week years while fiscal 2007 was a 53-week year. |