EX-12.1 3 d878902dex121.htm EX-12.1

EX-12.1

Exhibit 12.1

Mohawk Industries, Inc.

Statement Regarding Computation of Earnings to Fixed Charges

(In Thousands, Except Ratio Data)

December 31,

		2010				2011				2012				2013				2014
Fixed rent expense		$	105,976				103,416				97,587				116,541				114,529
Principal			70,651				68,944				65,058				77,694				76,353
Interest			35,325				34,472				32,529				38,847				38,176
Total		$	105,976				103,416				97,587				116,541				114,529
Fixed charges:
Portion of rent expense representative of interest		$	35,325				34,472				32,529				38,847				38,176
Capitalized interest			4,240				6,197				4,577				8,167				9,202
Interest expensed			133,151				101,617				74,713				92,246				98,207
Total fixed charges (1)		$	172,716				142,286				111,819				139,260				145,585
Earnings (2):
Earnings before income taxes		$	192,648				199,874				304,492				445,571				663,891
Fixed charges			172,716				142,286				111,819				139,260				145,585
Amortization of capitalized interest			5,178				5,607				5,404				5,502				6,182
less:
Capitalized interest			(4,240	)			(6,197	)			(4,577	)			(8,167	)			(9,202	)
Total earnings		$	366,303				341,570				417,138				582,166				806,456
Ratio of earnings to fixed charges			2.1				2.4				3.7				4.1				5.5

(1) Fixed charges are defined as interest expensed and capitalized plus an estimate of interest within rental expense

(2) Earnings consists of earnings from continuing operations before income taxes plus fixed charges and amortization of capitalized interest less total capitalized interest