EX-12.1 2 ex12-1.htm STATEMENT REGARDING COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES ex12-1.htm
Ruby Tuesday, Inc
                       
Unaudited Computation of Ratio of Consolidated Earnings to Fixed Charges
                       
(Dollar Amounts in Millions)
                       
                         
                         
 
Thirteen Weeks Ended
 
Fiscal Year Ended           
 
September 3, 
2013
June 4, 
2013
June 5,
 2012
May 31,
 2011
June 1,
 2010
June 2,
 2009
Earnings before fixed charges:
                       
(Loss)/income from continuing operations before income taxes
$
       (27.1)
$
       (21.9)
$
          (8.6)
$
         57.1 
$
          58.6 
$
       (40.5)
                         
Add equity in losses (deduct equity in earnings) of equity interest
 
            -
 
            -
 
              -
 
           0.6 
 
            0.3 
 
             -
                         
Distribution of earnings from equity investees
 
            -
 
            -
 
              -
 
             -
 
              -
 
             -
                         
Less Capitalized interest
 
           0.1 
 
           0.5 
 
           0.5 
 
           0.6 
 
            0.6 
 
           0.5 
   
       (27.0)
 
       (21.4)
 
          (8.1)
 
         58.3 
 
          59.5 
 
       (40.0)
                         
Fixed charges:
                       
                         
Interest expense
 
           6.8 
 
         26.7 
 
         23.5 
 
         14.1 
 
          18.0 
 
         36.7 
                         
Interest portion of rent expense
 
           4.2 
 
         16.6 
 
         15.8 
 
         14.7 
 
          14.0 
 
         15.7 
                         
Total fixed charges
 
         11.0 
 
         43.3 
 
         39.3 
 
         28.8 
 
          32.0 
 
         52.4 
                         
Adjusted earnings from continuing operations before income taxes available to cover fixed charges
 $
       (16.0)
 $
         21.9 
$
         31.2 
 $
         87.1 
 $
          91.5 
 $
         12.4 
                         
Ratio of earnings to fixed charges
 
       (1.45)
 
         0.51 
 
         0.79 
 
         3.03 
 
          2.86 
 
         0.24 
                         
Amount by which earnings were insufficient to cover fixed charges
 
       (27.0)
 $
       (21.4)
 
          (8.1)
 
N/A
 
N/A
 $
       (40.0)
 
                       
 
 
* We are presenting the ratio above solely pursuant to the requirement set forth in Item 503 of Regulation S-K.  The earnings and fixed charges in the above ratio are calculated using the definitions as set for by Regulation S-K.