Exhibit 12.1
TrueBlue, Inc.
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratios)
| Three Months Ended | Year Ended December 31 | |||||||||||||||||||||
| March 27, 2009 |
March 28, 2008 |
2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||||||
| Earnings: |
||||||||||||||||||||||
| Income from continuing operations before income taxes |
(8,584 | ) | 13,859 | 8,155 | 104,603 | 116,173 | 100,195 | 59,845 | ||||||||||||||
| Fixed charges |
315 | 364 | 1,728 | 1,666 | 1,250 | 4,581 | 6,947 | |||||||||||||||
| Total Earnings |
$ | (8,269 | ) | $ | 14,222 | $ | 9,883 | $ | 106,268 | $ | 117,423 | $ | 104,777 | $ | 66,792 | |||||||
| Fixed Charges: |
||||||||||||||||||||||
| Interest Expense |
$ | 98 | $ | 132 | $ | 803 | $ | 965 | $ | 775 | $ | 4,162 | $ | 6,690 | ||||||||
| Interest component of rent expense (1) |
218 | 231 | 925 | 700 | 475 | 420 | 257 | |||||||||||||||
| Total Fixed Charges |
315 | 364 | 1,728 | 1,666 | 1,250 | 4,581 | 6,947 | |||||||||||||||
| Ratio of Earnings to Fixed Charges |
N/A | (2) | 39.1 | 5.7 | 63.8 | 94.0 | 22.9 | 9.6 | ||||||||||||||
| (1) | The interest component of rent expense is estimated by management |
| (2) | There were insufficient earnings available to cover fixed charges for the three months ended March 27, 2009. |