Exhibit 12.1
Valmont Industries, Inc.
Computation of Ratios of Earnings to Fixed Charges
(dollars in thousands)
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Six months |
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Six months |
|
Fiscal year |
|
Fiscal year |
|
Fiscal year |
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Fiscal year |
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Fiscal year |
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|
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|
ended |
|
ended |
|
ended |
|
ended |
|
ended |
|
ended |
|
ended |
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|
|
|
June 28, |
|
June 29, |
|
December 28, |
|
December 29, |
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December 31, |
|
December 25, |
|
December 26, |
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|
|
|
2014 |
|
2013 |
|
2013 |
|
2012 |
|
2011 |
|
2010 |
|
2009 |
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|
|
|
|
|
|
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Fixed charges, as defined |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Expense |
|
16,501 |
|
16,215 |
|
32,502 |
|
31,625 |
|
36,175 |
|
30,947 |
|
15,760 |
|
|
Capitalized interest |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
|
Interest component of non-cancelable lease rent |
|
4,578 |
|
4,420 |
|
8,856 |
|
8,215 |
|
7,592 |
|
6,911 |
|
5,431 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Total fixed charges (A) |
|
21,079 |
|
20,635 |
|
41,358 |
|
39,840 |
|
43,767 |
|
37,858 |
|
21,191 |
|
|
|
|
|
|
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Earnings, as defined: |
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|
|
|
|
|
|
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|
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Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries |
|
186,530 |
|
251,124 |
|
449,417 |
|
359,290 |
|
233,757 |
|
152,982 |
|
226,084 |
|
|
Fixed Charges - from above |
|
21,079 |
|
20,635 |
|
41,358 |
|
39,840 |
|
43,767 |
|
37,858 |
|
21,191 |
|
|
Total earnings and fixed charges (B) |
|
207,609 |
|
271,759 |
|
490,775 |
|
399,130 |
|
277,524 |
|
190,840 |
|
247,275 |
|
|
|
|
|
|
|
|
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|
Ratio of earnings to fixed charges (B/A) |
|
9.85 |
|
13.17 |
|
11.87 |
|
10.02 |
|
6.34 |
|
5.04 |
|
11.67 |
|