EX-12.1 6 g73855ex12-1.txt COMPUTATION OF EARNINGS TO FIXED CHARGES EXHIBIT 12.1 Statement re: Computation of Earnings to Fixed Charges (in thousands)
Fiscal Year Ended --------------------------------------------------------------------------------- (52 Weeks) (53 Weeks) (52 Weeks) --------------------------------------------- ---------- ---------- Sept. 27, Sept. 26, Sept. 25, Sept. 30, Sept. 29, 1997 1998 1999 2000 2001 --------- --------- --------- ---------- ---------- EARNINGS Net Income $ 20,463 $ 4,163 $ 18,750 $ 21,091 $ 17,850 Interest (including capitalized) 33,284 41,837 40,466 43,340 44,839 Income tax 12,600 2,300 11,400 13,100 10,350 Loan cost amortization expense 129 194 176 184 422 Amortization of capitalized interest 523 615 676 746 847 Less interest capitalized (1,978) (1,720) (681) (2,114) (1,936) 50% real estate rent 5,747 7,383 7,406 7,591 8,275 20% equipment rent -- -- 2,574 3,237 4,339 -------- -------- -------- -------- -------- Earnings $ 70,768 $ 54,772 $ 80,767 $ 87,175 $ 84,986 -------- -------- -------- -------- -------- FIXED CHARGES Interest $ 31,306 $ 40,117 $ 39,785 $ 41,226 $ 42,903 Capitalized interest 1,978 1,720 681 2,114 1,936 Loan cost amortization expense 129 194 176 184 422 50% real estate rent 5,747 7,383 7,406 7,591 8,275 20% equipment rent -- -- 2,574 3,237 4,339 -------- -------- -------- -------- -------- Fixed Charges $ 39,160 $ 49,414 $ 50,622 $ 54,352 $ 57,875 -------- -------- -------- -------- -------- Ratio of Earnings to Fixed Charges 1.81 1.11 1.60 1.60 1.47