EX-12 3 l97982aexv12.txt EX-12 COMPUTATION OF RATIO OF EARNINGS:FIXED CHRGS EXHIBIT 12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Two Quarters Ended -------------------------------------------- December 27, December 28, (In millions, except ratios) 2002 2001 ------------------- -------------------- EARNINGS: Net Income $ 36.2 $ 33.5 Plus: Income taxes 18.7 17.2 Fixed charges 16.0 18.5 Amortization of capitalized interest - - Less: Interest capitalized during the period - - Undistributed earnings in equity investments - (0.2) ------- ------- $ 70.9 $ 69.4 ======= ======= FIXED CHARGES: Interest expense $ 12.3 $ 14.9 Plus: Interest capitalized during the period - - Portion of rents deemed representative of the interest factor 3.7 3.6 ------- ------- $ 16.0 $ 18.5 ======= ======= RATIO OF EARNINGS TO FIXED CHARGES 4.43 3.75