Exhibit 12.1

 

Floor and Decor Holdings, Inc.

Computation of Ratio of Earnings to Fixed Charges

 

 

 

Thirteen Weeks Ended

 

Fiscal Year Ended

 

(in thousands, except ratio data)

 

3/29/2018

 

12/28/2017

 

12/29/2016

 

12/31/2015

 

12/25/2014

 

12/26/2013

 

Earnings before income taxes

 

$

34,722

 

$

98,552

 

$

54,513

 

$

43,006

 

$

24,732

 

$

17,940

 

Fixed Charges

 

8,288

 

29,758

 

22,055

 

15,740

 

14,758

 

9,745

 

Capitalized Interest

 

 

 

 

 

 

 

Adjusted earnings

 

$

43,010

 

$

128,310

 

$

76,568

 

$

58,746

 

$

39,490

 

$

27,685

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

1,784

 

13,777

 

12,803

 

9,386

 

8,949

 

7,684

 

Rental expense

 

6,504

 

15,981

 

9,252

 

6,354

 

5,809

 

2,061

 

Fixed Charges

 

$

8,288

 

$

29,758

 

$

22,055

 

$

15,740

 

$

14,758

 

$

9,745

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

5.2

 

4.3

 

3.5

 

3.7

 

2.7

 

2.8