Attached files
| file | filename |
|---|---|
| EX-32 - EX-32 - SNYDER'S-LANCE, INC. | lnce09ex32.htm |
| EX-21 - EX-21 - SNYDER'S-LANCE, INC. | lnce09ex21.htm |
| EX-23 - EX-23 - SNYDER'S-LANCE, INC. | lnce09ex23.htm |
| EX-31.2 - EX-31.2 - SNYDER'S-LANCE, INC. | lnce09ex312.htm |
| EX-31.1 - EX-31.1 - SNYDER'S-LANCE, INC. | lnce09ex311.htm |
| 10-K - FORM 10-K - SNYDER'S-LANCE, INC. | lnce0910k.htm |
EXHIBIT 12
COMPUTATION
OF RATIO OF EARNINGS TO FIXED CHARGES
The
following table sets forth our computation of the ratio of earnings to fixed
charges for the years ended as indicated:
|
In
thousands, except ratios
|
2009
|
2008
|
2007
|
2006
|
2005
|
|||||||||||||||
|
Income
before income taxes
|
$ | 54,459 | $ | 27,073 | $ | 36,320 | $ | 28,187 | $ | 26,499 | ||||||||||
|
Plus:
Fixed charges
(1)
|
5,853 | 5,209 | 4,950 | 5,475 | 4,240 | |||||||||||||||
|
Income
available to cover fixed charges
|
$ | 60,312 | $ | 32,282 | $ | 41,270 | $ | 33,662 | $ | 30,739 | ||||||||||
|
Ratio
of earnings to fixed charges
|
10.3 | 6.2 | 8.3 | 6.1 | 7.3 | |||||||||||||||
|
(1)
Fixed Charges:
|
||||||||||||||||||||
|
Interest
expense
|
$ | 3,353 | $ | 3,162 | $ | 2,883 | $ | 3,275 | $ | 2,473 | ||||||||||
|
Interest
portion of rent expense
(2)
|
2,345 | 1,765 | 2,067 | 2,200 | 1,767 | |||||||||||||||
|
Capitalized
interest
|
155 | 282 | - | - | - | |||||||||||||||
|
Total
Fixed Charges
|
$ | 5,853 | $ | 5,209 | $ | 4,950 | $ | 5,475 | $ | 4,240 | ||||||||||
|
(2)
One-third of total rent expense is the portion deemed representative of
the interest factor.
|
||||||||||||||||||||
For the purposes of computing the ratio of earnings to fixed charges, earnings are defined as income before income taxes plus fixed charges. Fixed charges consist of interest expense (including capitalized interest) and the portion of rental expense that is representative of the interest factor.