Attached files

file filename
10-Q - 10-Q - INTERLINE BRANDS, INC./DEa10-17370_110q.htm
EX-31.1 - EX-31.1 - INTERLINE BRANDS, INC./DEa10-17370_1ex31d1.htm
EX-32.2 - EX-32.2 - INTERLINE BRANDS, INC./DEa10-17370_1ex32d2.htm
EX-31.2 - EX-31.2 - INTERLINE BRANDS, INC./DEa10-17370_1ex31d2.htm
EX-32.1 - EX-32.1 - INTERLINE BRANDS, INC./DEa10-17370_1ex32d1.htm

Exhibit 12.1

 

Ratio of Earnings to Fixed Charges

(amounts in thousands other than ratios)

 

 

 

 

 

 

 

 

 

 

 

 

 

Three

 

Nine

 

 

 

 

 

 

 

 

 

 

 

 

 

Months

 

Months

 

 

 

Year Ended

 

Ended

 

Ended

 

 

 

December 30,

 

December 29,

 

December 28,

 

December 26,

 

December 25,

 

September 24,

 

September 24,

 

 

 

2005

 

2006

 

2007

 

2008

 

2009

 

2010

 

2010

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

 

$

47,134

 

$

50,680

 

$

83,422

 

$

65,458

 

$

43,161

 

$

19,030

 

$

43,365

 

Fixed charges (from below)

 

31,146

 

38,901

 

43,711

 

39,218

 

29,600

 

6,896

 

20,643

 

Total earnings

 

$

78,280

 

$

89,581

 

$

127,133

 

$

104,676

 

$

72,761

 

$

25,926

 

$

64,008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

25,419

 

$

31,367

 

$

33,923

 

$

28,482

 

$

19,044

 

$

4,373

 

$

13,092

 

Interest in rent expense estimated at 30% of rent expense

 

5,727

 

7,534

 

9,788

 

10,736

 

10,556

 

2,523

 

7,551

 

Total fixed charges(1)

 

$

31,146

 

$

38,901

 

$

43,711

 

$

39,218

 

$

29,600

 

$

6,896

 

$

20,643

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

2.5

 

2.3

 

2.9

 

2.7

 

2.5

 

3.8

 

3.1

 

 


(1)          Preferred security dividends of Interline Brands, Inc., a New Jersey corporation, are excluded from fixed charges as preferred stock is held solely by the corporate parent.

 



 

Ratio of Earnings to Combined Fixed Charges and Preferred Dividends

(amounts in thousands other than ratios)

 

 

 

 

 

 

 

 

 

 

 

 

 

Three

 

Nine

 

 

 

 

 

 

 

 

 

 

 

 

 

Months

 

Months

 

 

 

Year Ended

 

Ended

 

Ended

 

 

 

December 30,

 

December 29,

 

December 28,

 

December 26,

 

December 25,

 

September 24,

 

September 24,

 

 

 

2005

 

2006

 

2007

 

2008

 

2009

 

2010

 

2010

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

 

$

47,134

 

$

50,680

 

$

83,422

 

$

65,458

 

$

43,161

 

$

19,030

 

$

43,365

 

Fixed charges (from below)

 

31,146

 

38,901

 

43,711

 

39,218

 

29,600

 

6,896

 

20,643

 

Total earnings

 

$

78,280

 

$

89,581

 

$

127,133

 

$

104,676

 

$

72,761

 

$

25,926

 

$

64,008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

25,419

 

$

31,367

 

$

33,923

 

$

28,482

 

$

19,044

 

$

4,373

 

$

13,092

 

Interest in rent expense estimated at 30% of rent expense

 

5,727

 

7,534

 

9,788

 

10,736

 

10,556

 

2,523

 

7,551

 

Total fixed charges(1)

 

$

31,146

 

$

38,901

 

$

43,711

 

$

39,218

 

$

29,600

 

$

6,896

 

$

20,643

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred dividends (calculated below)

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

Total combined fixed charges and preferred dividends

 

$

31,146

 

$

38,901

 

$

43,711

 

$

39,218

 

$

29,600

 

$

6,896

 

$

20,643

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Combined Fixed Charges and Preferred Dividends

 

2.5

 

2.3

 

2.9

 

2.7

 

2.5

 

3.8

 

3.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deficiency (Surplus)

 

$

(47,134

)

$

(50,680

)

$

(83,422

)

$

(65,458

)

$

(43,161

)

$

(19,030

)

$

(43,365

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred Dividends:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred dividend amount(1)

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

Tax rate

 

38.9

%

38.5

%

38.9

%

37.6

%

39.6

%

39.5

%

39.6

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred dividends

 

$

 

$

 

$

 

$

 

$

 

$

 

$

 

 


(1)          Preferred security dividends of Interline Brands, Inc., a New Jersey corporation, are excluded from fixed charges as preferred stock is held solely by the corporate parent.