EX-12 8 dex12.htm STATEMENT RE COMPUTATION OF RATIOS Statement re computation of ratios

EXHIBIT 12

 

RATIO OF EARNINGS TO FIXED CHARGES

 

     Fiscal Year

 
     2005

    2004

    2003

    2002

    2001

 

Income from continuing operations before income tax

   $ 16,105     $ 14,193     $ 12,368     $ 10,396     $ 9,783  

Capitalized interest

     (120 )     (144 )     (124 )     (130 )     (93 )

Minority interest

     (249 )     (214 )     (193 )     (183 )     (129 )
    


 


 


 


 


Adjusted income from continuing operations before income taxes

     15,736       13,835       12,051       10,083       9,561  
    


 


 


 


 


Fixed charges:

                                        

Interest*

     1,332       1,157       1,191       1,491       1,486  

Interest component of rent

     319       306       318       289       245  
    


 


 


 


 


Total fixed charges

     1,651       1,463       1,509       1,780       1,731  
    


 


 


 


 


Income from continuing operations before income taxes and fixed charges

   $ 17,387     $ 15,298     $ 13,560     $ 11,863     $ 11,292  
    


 


 


 


 


Ratio of Earnings to Fixed Charges

     10.53x       10.46x       8.99x       6.66x       6.52x  

* Includes interest on debt and capital leases, amortization of debt issuance costs and capitalized interest.

 

Certain reclassifications have been made to prior periods to conform to the current period presentation. In addition, the impact of McLane Company, Inc. as a discontinued operation has been removed for all periods presented.