EX-12.1 7 f50818exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
Statement of Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratios)
                                         
    Fiscal Year Ended  
    October 25,     October 27,     October 28,     October 29,     October 30,  
    2008     2007     2006     2005     2004  
Earnings (loss) from continuing operations before taxes
  $ 29,922     $ 144,915     $ 98,352     $ 55,198     $ (19,624 )
Fixed charges from continuing operations
                                       
Interest expense and capitalization and amortization of debt discount and issuance costs on all indebtedness
    11,507       6,414       7,082       7,693       10,677  
Interest included in rent
    5,513       5,159       3,616       3,578       3,722  
 
                             
Total fixed charges from continuing operations
    17,020       11,573       10,698       11,271       14,399  
 
                             
Earnings (loss) before taxes and fixed charges
  $ 46,942     $ 156,488     $ 109,050     $ 66,469     $ (5,225 )
 
                             
Ratio of earnings to fixed charges (1)
    2.8 x     13.5 x     10.2 x     5.9 x      
Coverage deficiency
  $     $     $     $     $ 19,624 (2)
 
                             
 
(1)   The ratio of earnings to fixed charges was computed by dividing earnings (loss) from continuing operations before taxes and fixed charges by total fixed charges from continuing operations for the periods indicated. Fixed charges from continuing operations include (i) interest expense and capitalization and amortization of debt discount and issuance costs on all indebtedness and (ii) one-third of all rental expense, which the Company considers to be a reasonable approximation of the interest factor included in rental expense.
 
(2)   For the year ended October 30, 2004, earnings were inadequate to cover fixed charges. The Company needed additional earnings of $19.6 million to achieve a ratio of earnings to fixed charges of 1.0x.