Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - DOLE FOOD CO INC | v55481e10vk.htm |
| EX-10.17 - EX-10.17 - DOLE FOOD CO INC | v55481exv10w17.htm |
| EX-10.12 - EX-10.12 - DOLE FOOD CO INC | v55481exv10w12.htm |
| EX-10.16 - EX-10.16 - DOLE FOOD CO INC | v55481exv10w16.htm |
| EX-21 - EX-21 - DOLE FOOD CO INC | v55481exv21.htm |
| EX-23 - EX-23 - DOLE FOOD CO INC | v55481exv23.htm |
| EX-32.2 - EX-32.2 - DOLE FOOD CO INC | v55481exv32w2.htm |
| EX-31.1 - EX-31.1 - DOLE FOOD CO INC | v55481exv31w1.htm |
| EX-32.1 - EX-32.1 - DOLE FOOD CO INC | v55481exv32w1.htm |
| EX-31.2 - EX-31.2 - DOLE FOOD CO INC | v55481exv31w2.htm |
| EX-10.21 - EX-10.21 - DOLE FOOD CO INC | v55481exv10w21.htm |
EXHIBIT 12
DOLE FOOD COMPANY, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except for ratio data)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except for ratio data)
| Fiscal Years Ended | ||||||||||||||||||||
| January 2, | January 3, | December 29, | December 30, | December 31, | ||||||||||||||||
| 2010 | 2009 | 2007 | 2006 | 2005 | ||||||||||||||||
Income (loss) from continuing operations before income taxes and equity earnings |
$ | 97,670 | $ | 92,522 | $ | (36,194 | ) | $ | (16,421 | ) | $ | 86,715 | ||||||||
Distributed income of equity method investees |
180 | 271 | 439 | 1,478 | 2,040 | |||||||||||||||
Fixed charges from continuing operations |
272,259 | 242,064 | 250,758 | 225,162 | 185,122 | |||||||||||||||
Earnings available for fixed charges |
$ | 370,109 | $ | 334,857 | $ | 215,003 | $ | 210,219 | $ | 273,877 | ||||||||||
Fixed charges from continuing operations: |
||||||||||||||||||||
Interest expense |
$ | 196,789 | $ | 169,799 | $ | 190,129 | $ | 169,719 | $ | 134,926 | ||||||||||
Amortization of debt expense and discounts |
8,926 | 4,686 | 4,722 | 4,996 | 7,526 | |||||||||||||||
Assumed interest element included in rent expense |
66,544 | 67,579 | 55,907 | 50,447 | 42,670 | |||||||||||||||
Total fixed charges from continuing operations |
$ | 272,259 | $ | 242,064 | $ | 250,758 | $ | 225,162 | $ | 185,122 | ||||||||||
Ratio of earnings to fixed charges (A) |
1.36 | X | 1.38 | X | 0.86 | X | 0.93 | X | 1.48 | X | ||||||||||
| (A) | Due to Dole’s loss from continuing operations in both 2007 and 2006, the ratio of earnings to fixed charges was less than 1:1. Dole would have needed to generate additional earnings of $35.8 million and $14.9 million to achieve a coverage ratio of 1:1 for 2007 and 2006, respectively. |