Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - FLOWERS FOODS INC | d324141d8k.htm |
| EX-4.1 - FORM OF INDENTURE - FLOWERS FOODS INC | d324141dex41.htm |
Exhibit 12.1
Flowers Foods, Inc.
Computation of Historical Ratios of Earnings to Fixed Charges
(in thousands, except ratio data)
| Fiscal Year Ended | ||||||||||||||||||||
| 12/31/2011 | 1/1/2011 | 1/2/2010 | 1/3/2009 | 12/29/2007 | ||||||||||||||||
| Fixed Charges: |
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| Interest Expense |
$ | 10,172 | $ | 8,164 | $ | 11,587 | $ | 6,137 | $ | 3,450 | ||||||||||
| Interest Portion of Rent Expense (1) |
23,399 | 20,953 | 19,569 | 18,480 | 17,920 | |||||||||||||||
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| Total Fixed Charges |
$ | 33,571 | $ | 29,117 | $ | 31,156 | $ | 24,617 | $ | 21,370 | ||||||||||
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| Earnings: |
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| Income Before Income Taxes |
$ | 191,966 | $ | 210,380 | $ | 207,759 | $ | 190,051 | $ | 153,085 | ||||||||||
| Plus: Fixed Charges (2) |
33,751 | 29,117 | 31,156 | 24,617 | 21,370 | |||||||||||||||
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| Earnings Available to Cover Fixed Charges |
$ | 225,537 | $ | 239,497 | $ | 238,915 | $ | 214,668 | $ | 174,455 | ||||||||||
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| Ratio of Earnings to Fixed Charges |
6.7x | 8.2x | 7.7x | 8.7x | 8.2x | |||||||||||||||
| (1) | One-third of total rent expense is the portion deemed representative of the interest factor. |
| (2) | Fixed charges represents gross interest expense plus the interest portion of rent expense. |