Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(Dollars In Thousands)
Six Months Ended | Year Ended December 31, | |||||||||||||||||||||||||||
July 2, 2011 | July 3, 2010 | |||||||||||||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||||||
EARNINGS (LOSS) BEFORE INCOME TAXES AND FIXED CHARGES: | ||||||||||||||||||||||||||||
Income (loss) from continuing operations before income taxes | 15,403 | 10,727 | 21,829 | (7,746 | ) | 12,290 | 22,998 | 8,759 | ||||||||||||||||||||
Fixed charges | 1,729 | 2,008 | 3,967 | 3,986 | 1,718 | 2,321 | 1,809 | |||||||||||||||||||||
Amortization of capitalized interest | 2 | 2 | 4 | 4 | 4 | — | — | |||||||||||||||||||||
Capitalized Interest | — | — | — | — | — | (72 | ) | — | ||||||||||||||||||||
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TOTAL EARNINGS | 17,134 | 12,737 | 25,800 | (3,756 | ) | 14,012 | 25,247 | 10,568 | ||||||||||||||||||||
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FIXED CHARGES: | ||||||||||||||||||||||||||||
Interest expense | 1,071 | 1,321 | 2,600 | 2,583 | 744 | 1,449 | 997 | |||||||||||||||||||||
Capitalized Interest | — | — | — | — | — | 72 | — | |||||||||||||||||||||
Estimated interest expense included in rental expense | 658 | 687 | 1,367 | 1,403 | 974 | 800 | 812 | |||||||||||||||||||||
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TOTAL FIXED CHARGES | 1,729 | 2,008 | 3,967 | 3,986 | 1,718 | 2,321 | 1,809 | |||||||||||||||||||||
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RATIO OF EARNINGS TO FIXED CHARGES | 9.91 | 6.34 | 6.50 | N/A | * | 8.16 | 10.88 | 5.84 | ||||||||||||||||||||
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* | Earnings are inadequate to cover fixed charges. Deficiency is approximately $7,742. |