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10-K - FORM 10-K - Hanesbrands Inc.g21766e10vk.htm
EX-10.7 - EX-10.7 - Hanesbrands Inc.g21766exv10w7.htm
EX-32.1 - EX-32.1 - Hanesbrands Inc.g21766exv32w1.htm
EX-10.4 - EX-10.4 - Hanesbrands Inc.g21766exv10w4.htm
EX-23.1 - EX-23.1 - Hanesbrands Inc.g21766exv23w1.htm
EX-31.2 - EX-31.2 - Hanesbrands Inc.g21766exv31w2.htm
EX-31.1 - EX-31.1 - Hanesbrands Inc.g21766exv31w1.htm
EX-32.2 - EX-32.2 - Hanesbrands Inc.g21766exv32w2.htm
EX-10.8 - EX-10.8 - Hanesbrands Inc.g21766exv10w8.htm
EX-21.1 - EX-21.1 - Hanesbrands Inc.g21766exv21w1.htm
EX-10.39 - EX-10.39 - Hanesbrands Inc.g21766exv10w39.htm
EX-10.40 - EX-10.40 - Hanesbrands Inc.g21766exv10w40.htm
EX-10.32 - EX-10.32 - Hanesbrands Inc.g21766exv10w32.htm
Exhibit 12.1
Hanesbrands Inc.
Ratio of Earnings to Fixed Charges
(Dollars in thousands)
(Unaudited)
                                                 
                            Six Months        
    Years Ended     Ended     Years Ended  
    January 2,     January 3,     December 29,     December 30,     July 1,     July 2,  
    2010     2009     2007     2006     2006     2005  
Earnings, as defined:
                                               
Income from continuing operations before income tax expense, noncontrolling interest and income/loss from equity investees
  $ 52,456     $ 163,195     $ 185,321     $ 112,830     $ 417,543     $ 343,099  
Fixed charges
    191,442       179,003       223,395       90,168       44,366       52,596  
Amortization of capitalized interest
    3,722       3,632       3,676       2,024       4,227       5,000  
Distributed income of equity investees
                                  3,030  
Interest capitalized
    (6,559 )     (4,047 )     (2,184 )     (1,904 )     (4,656 )     (1,694 )
Noncontrolling interest in pre-tax income
    (1,173 )     (158 )     (1,195 )     (910 )     (1,224 )     (55 )
 
                                   
Total earnings, as defined
  $ 239,888     $ 341,625     $ 409,013     $ 202,208     $ 460,256     $ 401,976  
 
                                   
 
                                               
Fixed charges, as defined:
                                               
Interest expense
  $ 159,222     $ 155,280     $ 201,131     $ 78,692     $ 26,075     $ 35,244  
Amortized premiums, discounts and capitalized expenses related to indebtedness
    10,967       6,032       6,475       2,279              
Interest factor in rental expenses
    21,253       17,691       15,789       9,197       18,291       17,352  
 
                                   
Total fixed charges, as defined
  $ 191,442     $ 179,003     $ 223,395     $ 90,168     $ 44,366     $ 52,596  
 
                                   
 
                                               
Ratio of earnings to fixed charges
    1.25       1.91       1.83       2.24       10.37       7.64  
 
Note:   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 in this Form 10-K. 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.