Fiscal Year Ended | ||||||||||||||||||||
September 24, 2016 | September 26, 2015 | September 27, 2014 | September 28, 2013 | September 29, 2012 | ||||||||||||||||
Income (loss) before income taxes, and income (loss) of equity method investees | $ | 70,375 | $ | 51,675 | $ | 14,019 | $ | (3,185 | ) | $ | 34,764 | |||||||||
Fixed charges (1) | 43,807 | 40,847 | 43,608 | 44,038 | 41,162 | |||||||||||||||
Earnings | 114,182 | 92,522 | 57,627 | 40,853 | 75,926 | |||||||||||||||
Fixed charges (1) | $ | 43,807 | $ | 40,847 | $ | 43,608 | $ | 44,038 | $ | 41,162 | ||||||||||
Earnings to fixed charges excess (deficiency) | $ | 70,375 | $ | 51,675 | $ | 14,019 | $ | (3,185 | ) | $ | 34,764 | |||||||||
Ratio of earnings to fixed charges (2) | 2.6 | 2.3 | 1.3 | N/M | 1.8 |
(1) | Fixed charges consist of interest expense, the portion of rental expense under operating leases deemed by management to be representative of the interest factor and amortization of deferred financing costs. |
(2) | For the fiscal year ended September 28, 2013, earnings were insufficient to cover fixed charges by approximately $3.2 million, and the ratio is not meaningful. |