Attached files
Exhibit 12.1
MICHAEL FOODS, INC.
(A Wholly Owned Subsidiary of M-Foods Holdings, Inc.)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
For the years ended January 2, 2010, January 3, 2009, December 29, 2007, December 30, 2006 and December 31, 2005
(In thousands, Except Ratios)
| 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||
| Earnings: |
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| Earnings (loss) before income taxes and equity in losses of unconsolidated subsidiary |
$ | 107,708 | $ | 68,007 | $ | 42,956 | $ | 38,162 | $ | 53,580 | |||||||||
| Add: |
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| Fixed charges |
47,156 | 44,500 | 55,820 | 60,206 | 50,128 | ||||||||||||||
| Subtract: |
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| Interest capitalized |
(468 | ) | — | (93 | ) | (803 | ) | (461 | ) | ||||||||||
| Adjusted Earnings |
$ | 154,396 | $ | 112,507 | $ | 98,683 | $ | 97,565 | $ | 103,247 | |||||||||
| Fixed Charges: |
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| Interest expensed |
$ | 39,095 | $ | 38,829 | $ | 49,624 | $ | 54,036 | $ | 46,859 | |||||||||
| Interest portion of rentals |
1,916 | 1,847 | 1,761 | 1,427 | 1,276 | ||||||||||||||
| Amortization of financing costs |
6,145 | 3,824 | 4,435 | 4,743 | 1,993 | ||||||||||||||
| $ | 47,156 | $ | 44,500 | $ | 55,820 | $ | 60,206 | $ | 50,128 | ||||||||||
| Ratio of earnings to fixed charges |
3.27 | 2.53 | 1.77 | 1.62 | 2.06 | ||||||||||||||