Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - MOHAWK INDUSTRIES INC | Financial_Report.xls |
| EX-31.2 - EX-31.2 - MOHAWK INDUSTRIES INC | a1q201510-qexhibit312.htm |
| EX-32.2 - EX-32.2 - MOHAWK INDUSTRIES INC | a1q201510-qexhibit322.htm |
| EX-32.1 - EX-32.1 - MOHAWK INDUSTRIES INC | a1q201510-qexhibit321.htm |
| EX-31.1 - EX-31.1 - MOHAWK INDUSTRIES INC | a1q201510-qexhibit311.htm |
| 10-Q - 10-Q - MOHAWK INDUSTRIES INC | a1q201510qdocument.htm |
| EX-10.1 - AMENDMENT NO. 4 TO CSA - MOHAWK INDUSTRIES INC | exhibit101amendmentno4.htm |
Mohawk Industries, Inc. | Exhibit 12.1 | ||||||||||||||||||
Statement Regarding Computation of Earnings to Fixed Charges | |||||||||||||||||||
(In Thousands, Except Ratio Data) | |||||||||||||||||||
Year Ended December 31, | |||||||||||||||||||
2010 | 2011 | 2012 | 2013 | 2014 | Three Months Ended, April 4, 2015 (3) | ||||||||||||||
Fixed rent expense | $ | 105,976 | 103,416 | 97,587 | 116,541 | 114,529 | 28,359 | ||||||||||||
Principal | 70,651 | 68,944 | 65,058 | 77,694 | 76,353 | 18,906 | |||||||||||||
Interest | 35,325 | 34,472 | 32,529 | 38,847 | 38,176 | 9,453 | |||||||||||||
Total | $ | 105,976 | 103,416 | 97,587 | 116,541 | 114,529 | 28,359 | ||||||||||||
Fixed charges: | |||||||||||||||||||
Portion of rent expense representative of interest | 35,325 | 34,472 | 32,529 | 38,847 | 38,176 | 9,453 | |||||||||||||
Capitalized interest | 4,240 | 6,197 | 4,577 | 8,167 | 9,202 | 2,009 | |||||||||||||
Interest expensed | 133,151 | 101,617 | 74,713 | 92,246 | 98,207 | 16,449 | |||||||||||||
Total fixed charges (1) | $ | 172,716 | 142,286 | 111,819 | 139,260 | 145,585 | 27,911 | ||||||||||||
Earnings (2) : | |||||||||||||||||||
Earnings before income taxes | 192,648 | 199,874 | 304,492 | 445,571 | 663,891 | 28,408 | |||||||||||||
Fixed charges | 172,716 | 142,286 | 111,819 | 139,260 | 145,585 | 27,911 | |||||||||||||
Amortization of capitalized interest | 5,178 | 5,607 | 5,404 | 5,502 | 6,182 | 1,316 | |||||||||||||
less: | |||||||||||||||||||
Capitalized interest | (4,240 | ) | (6,197 | ) | (4,577 | ) | (8,167 | ) | (9,202 | ) | (2,009 | ) | |||||||
Total earnings | $ | 366,303 | 341,570 | 417,138 | 582,166 | 806,456 | 55,626 | ||||||||||||
Ratio of earnings to fixed charges | 2.1 | 2.4 | 3.7 | 4.1 | 5.5 | 1.9 | |||||||||||||
(1) Fixed charges are defined as interest expensed and capitalized plus an estimate of interest within rental expense | |||||||||||||||||||
(2) Earnings consists of earnings from continuing operations before income taxes plus fixed charges and amortization of capitalized interest less total capitalized interest | |||||||||||||||||||
(3) Earnings for the three months ended April 4, 2015 (as defined in Note (2) above) reflects a $125,000 charge related to the settlement and further defense of the polyurethane foam litigation described in more detail in the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended April 4, 2015. Excluding the litigation-related charge, earnings for the quarter would be $153,000 and the ratio of earnings to fixed charges would be 6.4. | |||||||||||||||||||