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EX-10.33 - EXHIBIT 10.33 - Aramarke1033managementincentivebo.htm
10-K - 10-K - Aramarkfy2016aramark10-k.htm
EX-32.1 - EXHIBIT 32.1 - Aramarkex32110-k2016armk.htm
EX-31.2 - EXHIBIT 31.2 - Aramarkex31210-k2016armk.htm
EX-31.1 - EXHIBIT 31.1 - Aramarkex31110-k2016armk.htm
EX-23.1 - EXHIBIT 23.1 - Aramarkex23110-k2016kpmgconsent.htm
EX-21.1 - EXHIBIT 21.1 - Aramarkex211-listofsubsidiariesof.htm
EX-10.71 - EXHIBIT 10.71 - Aramarkex1071formofscheduleitoper.htm
EX-10.70 - EXHIBIT 10.70 - Aramarkex1070formofscheduleitores.htm
EX-10.69 - EXHIBIT 10.69 - Aramarkex1069formofscheduleitonon.htm
EX-10.68 - EXHIBIT 10.68 - Aramarkex1068formofscheduleitoper.htm
EX-10.67 - EXHIBIT 10.67 - Aramarkex1067formofscheduleitoper.htm
EX-10.17 - EXHIBIT 10.17 - Aramarkex1017elcagreement-harrald.htm
EX-10.16 - EXHIBIT 10.16 - Aramarkex1016offerletter-harraldk.htm
Exhibit 12.1

ARAMARK AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES(A) 
(Unaudited)
(In thousands)

 
 
Fiscal Year
Ended
September 30, 2016
 
Fiscal Year
Ended
October 2, 2015
 
Fiscal Year
Ended
October 3, 2014 (B)
 
Fiscal Year
Ended
September 27, 2013
 
Fiscal Year
Ended
September 28, 2012
 
Income from continuing operations before income taxes
 
$
430,931

 
$
341,996

 
$
229,677

 
$
90,629

 
$
124,968

 
Fixed charges, excluding capitalized interest
 
380,904

 
351,474

 
402,396

 
491,025

 
522,431

 
Undistributed earnings of less than 50% owned affiliates
 
(21,016
)
 
(14,716
)
 
(14,968
)
 
(17,056
)
 
(21,423
)
 
Earnings, as adjusted
 
$
790,819

 
$
678,754

 
$
617,105

 
$
564,598

 
$
625,976

 
Interest expense
 
$
320,291

 
$
290,151

 
$
339,224

 
$
430,275

 
$
462,284

 
Portion of operating lease rentals representative of interest factor
 
60,233

 
60,600

 
62,667

 
59,767

 
59,133

 
Fixed charges
 
$
380,524

 
$
350,751

 
$
401,891

 
$
490,042

 
$
521,417

 
Ratio of earnings to fixed charges
 
2.1

x
1.9

x
1.5

x
1.2

x
1.2

x


(A)
For the purpose of determining the ratio of earnings to fixed charges, earnings include pretax income (loss) from continuing operations plus fixed charges (excluding capitalized interest). Fixed charges consist of interest on all indebtedness (including capitalized interest) plus that portion of operating lease rentals representative of the interest factor (deemed to be one-third of operating lease rentals).
(B)
Fiscal 2014 was a 53 week year.