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Previous: GFSI INC, 10-K, 2000-09-29 |
Next: GFSI INC, 10-K, EX-27, 2000-09-29 |
Exhibit 12
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GFSI, INC.
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
<TABLE>
<CAPTION>
FISCAL YEARS ENDED
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June 30, June 27, July 3, July 2, June 30,
1996 1997 1998 1999 2000
----------- ---------- --------- --------- ---------
<S> <C> <C> <C> <C> <C>
Registrant's pretax income from
continuing operations..................... $ 30,226 $ 27,933 $ 18,384 $ 12,496 $13,783
Interest.................................. 2,608 7,704 18,060 17,434 16,505
Amortization of debt expense and
discount on premium................... 9 383 1,157 1,156 1,156
Total fixed charges....................... 2,617 8,087 19,217 18,590 17,661
Total earnings and fixed charges.......... 32,843 36,020 37,601 31,086 31,444
Total fixed charges....................... 2,617 8,087 19,217 18,590 17,661
Ratio..................................... 12.5x 4.5x 2.0x 1.7x 1.8x
</TABLE>
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