Ingram Micro 2013 Annual Report Download - page 172

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Exhibit 12.1
Ingram Micro Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in 000s, except ratios)
Fiscal Year Ended
December 28, 2013
December 29, 2012
December 31, 2011
January 1, 2011
January 2, 2010
Fixed charges:
Interest expense and amortized premiums,
discounts and capitalized expenses related
to indebtedness
$59,165
$55,690
$52,509
$39,259
$28,177
Estimated interest within rental expense
(A)
37,903
32,223
31,242
29,828
41,610
Total fixed charges
$97,068
$87,913
$83,751
$69,087
$69,787
Earnings:
Income before income taxes
436,099
396,184
387,871
438,061
269,248
Fixed charges
97,068
87,913
83,751
69,087
69,787
Total earnings
$533,167
$484,097
$471,622
$507,148
$339,035
Ratio of earnings to fixed charges
5.5
5.5
5.6
7.3
4.9
(A) Interest is estimated at 33% of rental charges, which considers the mix of building and equipment rental and assumption of average debt service cost over the assumed life of the
related property