Attached files
| file | filename |
|---|---|
| EX-10.3 - FORM OF NOTICE OF AWARD OF RESTRICTED STOCK UNITS - HERSHEY CO | hsy_20160403exhibit103.htm |
| EX-31.2 - SECTION 302 CFO CERTIFICATION - HERSHEY CO | hsy_20160403exhibit312.htm |
| EX-32.1 - SECTION 906 CEO AND CFO CERTIFICATION - HERSHEY CO | hsy_20160403exhibit321.htm |
| EX-31.1 - SECTION 302 CEO CERTIFICATION - HERSHEY CO | hsy_20160403exhibit311.htm |
| EX-10.6 - EMPLOYEE CONFIDENTIALITY AND RESTRICTIVE COVENANT AGREEMENT AMENDED - HERSHEY CO | hsy_20160403exhibit106.htm |
| EX-10.2 - FORM OF NOTICE OF SPECIAL AWARD OF RESTRICTED STOCK UNITS - HERSHEY CO | hsy_20160403exhibit102.htm |
| 10-Q - THE HERSHEY COMPANY FORM 10-Q FOR THE QUARTERLY PERIOD ENDED APRIL 3, 2016 - HERSHEY CO | a2016_formx10-qq1.htm |
| EX-10.4 - FORM OF NOTICE OF AWARD OF PERFORMANCE STOCK UNITS - HERSHEY CO | hsy_20160403exhibit104.htm |
| EX-10.5 - TERMS AND CONDITIONS OF NONQUALIFIED STOCK OPTION AWARDS - HERSHEY CO | hsy_20160403exhibit105.htm |
EXHIBIT 12.1
THE HERSHEY COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands of dollars except for ratios)
(unaudited)
Three Months Ended | |||||||
April 3, 2016 | April 5, 2015 | ||||||
Earnings: | |||||||
Income before income taxes | $ | 339,729 | $ | 374,804 | |||
Add (deduct): | |||||||
Interest on indebtedness | 21,350 | 20,007 | |||||
Portion of rents representative of the interest factor (a) | 2,388 | 2,774 | |||||
Amortization of debt expense | 409 | 294 | |||||
Amortization of capitalized interest | 611 | 588 | |||||
Adjustment to exclude noncontrolling interests in subsidiaries and income from equity investee | (448 | ) | (1,826 | ) | |||
Earnings as adjusted | $ | 364,039 | $ | 396,641 | |||
Fixed Charges: | |||||||
Interest on indebtedness | $ | 21,350 | $ | 20,007 | |||
Portion of rents representative of the interest factor (a) | 2,388 | 2,774 | |||||
Amortization of debt expense | 409 | 294 | |||||
Capitalized interest | 2,175 | 3,017 | |||||
Total fixed charges | $ | 26,322 | $ | 26,092 | |||
Ratio of earnings to fixed charges | 13.83 | 15.20 | |||||
(a) | Portion of rents representative of the interest factor consists of one-third of rental expense for operating leases. |