Attached files
| file | filename |
|---|---|
| 10-K - ANNUAL REPORT - UNIFI INC | unify_10k-062611.htm |
| EX-21.1 - LIST OF SUBSIDIARIES - UNIFI INC | ex21-1.htm |
| EX-32.2 - CERTIFICATION CFO - UNIFI INC | ex32-2.htm |
| EX-32.1 - CERTIFICATION CEO - UNIFI INC | ex32-1.htm |
| EX-31.1 - CERTIFICATION CEO - UNIFI INC | ex31-1.htm |
| EX-23.2 - CONSENT - UNIFI INC | ex23-2.htm |
| EX-23.1 - CONSENT - UNIFI INC | ex23-1.htm |
| EX-31.2 - CERTIFICATION CFO - UNIFI INC | ex31-2.htm |
Exhibit 12.1
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Statement of Computation of Ratio of Earnings to Fixed Charges
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Fiscal Years Ended
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June 26,
2011
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June 27,
2010
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June 28,
2009
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June 29,
2008
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June 24,
2007
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(Amounts in thousands, except for ratios)
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COMPUTATION OF EARNINGS
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Income (loss) from continuing operations before income taxes
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$ | 32,422 | $ | 18,371 | $ | (44,760 | ) | $ | (30,326 | ) | $ | (139,026 | ) | |||||||
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Equity in (earnings) loss in unconsolidated affiliates
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(24,352 | ) | (11,693 | ) | (3,251 | ) | (1,402 | ) | 4,292 | |||||||||||
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Fixed charges
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19,669 | 22,666 | 23,710 | 26,621 | 26,163 | |||||||||||||||
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Amortization of capital interest
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368 | 357 | — | — | — | |||||||||||||||
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Interest capitalized
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— | (318 | ) | — | — | — | ||||||||||||||
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Distributed income from unconsolidated affiliates
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5,900 | 3,265 | 3,688 | 4,462 | 6,367 | |||||||||||||||
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Earnings (losses)
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$ | 34,007 | $ | 32,648 | $ | (20,613 | ) | $ | (645 | ) | $ | (102,204 | ) | |||||||
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COMPUTATION OF FIXED CHARGES
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Interest expense (1)
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$ | 19,190 | $ | 22,208 | $ | 23,152 | $ | 26,056 | $ | 25,518 | ||||||||||
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Interest within rental expense
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479 | 458 | 558 | 565 | 645 | |||||||||||||||
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Fixed Charges
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$ | 19,669 | $ | 22,666 | $ | 23,710 | $ | 26,621 | $ | 26,163 | ||||||||||
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Sufficient (insufficient) earnings
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$ | 14,338 | $ | 9,982 | $ | (44,323 | ) | $ | (27,266 | ) | $ | (128,367 | ) | |||||||
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Ratios of Earnings to Fixed Charges (2)
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1.7 | 1.4 | - | - | - | |||||||||||||||
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(1) Includes interest, as shown on the Company’s Consolidated Statements of Operations, plus capitalized interest.
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(2) Earnings were insufficient to cover fixed charges by $44.3 million, $27.3 million, and $128.4 million, respectively in fiscal years 2009, 2008, and 2007. However, in fiscal years 2011 and 2010, there were sufficient earnings to cover fixed charges by $14.3 million and $10.0 million, repectively.
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