Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - UNIFI INC | g24586e10vk.htm |
| EX-31.2 - EX-31.2 - UNIFI INC | g24586exv31w2.htm |
| EX-32.1 - EX-32.1 - UNIFI INC | g24586exv32w1.htm |
| EX-32.2 - EX-32.2 - UNIFI INC | g24586exv32w2.htm |
| EX-23.1 - EX-23.1 - UNIFI INC | g24586exv23w1.htm |
| EX-21.1 - EX-21.1 - UNIFI INC | g24586exv21w1.htm |
| EX-31.1 - EX-31.1 - UNIFI INC | g24586exv31w1.htm |
Exhibit 12.1
Statement of Computation of Ratio of Earnings to Fixed Charges
| Fiscal Years Ended | ||||||||||||||||||||
| June 27, 2010 | June 28, 2009 | June 29, 2008 | June 24, 2007 | June 25, 2006 | ||||||||||||||||
| (Amounts in thousands, except for ratios) | ||||||||||||||||||||
COMPUTATION OF EARNINGS |
||||||||||||||||||||
Income (loss) from continuing operations before income taxes |
$ | 18,371 | $ | (44,760 | ) | $ | (30,326 | ) | $ | (139,026 | ) | $ | (12,066 | ) | ||||||
Equity in (earnings) loss in unconsolidated affiliates |
(11,693 | ) | (3,251 | ) | (1,402 | ) | 4,292 | (825 | ) | |||||||||||
Fixed charges |
22,666 | 23,710 | 26,621 | 26,163 | 19,700 | |||||||||||||||
Amortization of capital interest |
357 | — | — | — | — | |||||||||||||||
Interest capitalized |
(319 | ) | — | — | — | — | ||||||||||||||
Distributed income from unconsolidated affiliates |
3,265 | 3,688 | 4,462 | 6,367 | 1,770 | |||||||||||||||
Earnings (losses) |
$ | 32,647 | $ | (20,613 | ) | $ | (645 | ) | $ | (102,204 | ) | $ | 8,579 | |||||||
COMPUTATION OF FIXED CHARGES |
||||||||||||||||||||
Interest expense (1) |
$ | 22,208 | $ | 23,152 | $ | 26,056 | $ | 25,518 | $ | 19,266 | ||||||||||
Interest within rental expense |
458 | 558 | 565 | 645 | 434 | |||||||||||||||
Fixed Charges |
$ | 22,666 | $ | 23,710 | $ | 26,621 | $ | 26,163 | $ | 19,700 | ||||||||||
Sufficient (insufficient) earnings |
$ | 9,981 | $ | (44,323 | ) | $ | (27,266 | ) | $ | (128,367 | ) | $ | (11,121 | ) | ||||||
Ratios of Earnings to Fixed Charges (2) |
1.4 | — | — | — | — | |||||||||||||||
| (1) | Includes interest, as shown on the Company’s Consolidated Statements of Operations, plus capitalized interest. |
|
| (2) | Earnings were insufficient to cover fixed charges by $44.3 million, $27.3 million, $128.4 million, and $11.1 million, respectively in fiscal years 2009, 2008, 2007, and 2006. However,
in fiscal year 2010, there were sufficient earnings to cover fixed charges by $10.0 million. |