Exhibit 12.1
STATEMENT OF RATIO OF EARNINGS TO FIXED CHARGES
| Year Ended |
Year Ended |
Year Ended |
Transition Period Ended |
Year Ended |
Year Ended | |||||||||||||||||||||||||
| (dollars in thousands) |
October 1, 2016 |
October 3, 2015 |
September 27, 2014 |
September 28, 2013 |
June 29, 2013 |
June 30, 2012 | ||||||||||||||||||||||||
| Numerator: Earnings |
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| Pre-tax income or loss from continuing operations before adjustment for income or loss from equity investees | $ | 10,647 | $ | 9,782 | $ | (7,394 | ) | $ | (506 | ) | $ | 9,816 | $ | (10,509 | ) | |||||||||||||||
| Fixed charges |
7,387 | 8,139 | 8,042 | 1,613 | 6,197 | 6,319 | ||||||||||||||||||||||||
| Amortization of capitalized interest |
— | — | — | — | — | — | ||||||||||||||||||||||||
| Distributed income of equity investees |
— | — | — | — | — | — | ||||||||||||||||||||||||
| Pre-tax losses of equity investees for which charges arising from guarantees are included in fixed charges | — | — | — | — | — | — | ||||||||||||||||||||||||
| Less: interest capitalized |
— | — | — | — | — | — | ||||||||||||||||||||||||
| Less: preference security dividend requirements of consolidated subsidiaries | — | — | — | — | — | — | ||||||||||||||||||||||||
| Less: the noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges | — | — | — | — | — | — | ||||||||||||||||||||||||
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| Total Earnings |
$ | 18,034 | $ | 17,921 | $ | 648 | $ | 1,107 | $ | 16,013 | $ | (4,190 | ) | |||||||||||||||||
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| Denominator: Fixed Charges |
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| Interest expense |
$ | 5,287 | $ | 6,021 | $ | 5,792 | $ | 1,033 | $ | 3,997 | $ | 4,132 | ||||||||||||||||||
| Capitalized interest |
— | — | — | — | — | — | ||||||||||||||||||||||||
| Amortized premiums, discounts and capitalized expenses related to indebtedness | * | * | * | * | * | * | ||||||||||||||||||||||||
| Estimate of the interest within rental expense |
2,100 | 2,118 | 2,250 | 580 | 2,200 | 2,187 | ||||||||||||||||||||||||
| Preference security dividend requirements of consolidated subsidiaries | — | — | — | — | — | — | ||||||||||||||||||||||||
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| Total Fixed Charges |
$ | 7,387 | $ | 8,139 | $ | 8,042 | $ | 1,613 | $ | 6,197 | $ | 6,319 | ||||||||||||||||||
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| * Included in the interest expense. |
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| RATIO OF EARNINGS TO FIXED CHARGES |
2.44 | 2.20 | 0.08 | 0.69 | 2.58 | (0.66 | ) | |||||||||||||||||||||||
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| Coverage Deficiency |
$ | — | $ | — | $ | 7,394 | $ | 506 | $ | — | $ | 10,509 | ||||||||||||||||||
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