Valmont Industries, Inc.
Computation of Ratios of Earnings to Fixed Charges
(dollars in thousands)
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Three |
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Fiscal Years Ended |
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March 31, |
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December 30, |
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December 31, |
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December 26, |
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December 27, |
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December 28, |
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Fixed charges, as defined |
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Interest Expense |
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11,074 |
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44,645 |
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44,409 |
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44,621 |
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36,790 |
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32,502 |
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Capitalized interest |
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Interest component of non-cancelable lease rent |
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2,201 |
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8,537 |
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8,252 |
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8,515 |
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9,033 |
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8,856 |
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Total fixed charges (A) |
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13,275 |
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53,182 |
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52,661 |
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53,136 |
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45,823 |
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41,358 |
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Earnings, as defined: |
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Earnings before income taxes and equity in earnings of nonconsolidated subsidiaries |
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53,012 |
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228,464 |
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220,454 |
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93,007 |
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284,183 |
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449,417 |
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Fixed Charges - from above |
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13,275 |
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53,182 |
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52,661 |
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53,136 |
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45,823 |
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41,358 |
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Total earnings and fixed charges (B) |
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66,287 |
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281,646 |
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273,115 |
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146,143 |
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330,006 |
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490,775 |
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Ratio of earnings to fixed charges (B/A) |
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4.99 |
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5.30 |
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5.19 |
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2.75 |
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7.20 |
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11.87 |
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(1) Fiscal 2015 net earnings included impairments of goodwill and intangible assets of $41.97 million before-tax and restructuring expenses of $39.85 million before-tax.