EX-12.1 5 g83939exv12w1.txt STATEMENT RE:COMPUTATION OF EARNINGS . . . EXHIBIT 12.1 Statement re: Computation of Earnings to Fixed Charges (in thousands)
Fiscal Year Ended Six Months Ended ------------------------------------------------------------- ---------------------- (52 weeks) (53 weeks) (52 weeks) (26 weeks) ------------------------------------------------------------- ---------------------- Sept. 26, Sept. 25, Sept. 30, Sept. 29, Sept. 28, March 30, March 29, 1998 1999 2000 2001 2002 2002 2002 --------- --------- --------- --------- --------- --------- --------- EARNINGS Net Income $ 4,163 $ 18,750 $ 21,091 $ 17,850 $ 14,733 $ 7,413 $ 6,633 Interest (including capitalized) 41,837 40,466 43,340 44,839 51,859 25,792 25,724 Income tax 2,300 11,400 13,100 10,350 8,350 4,430 3,800 Loan cost amortization expense 194 176 184 422 1,120 507 616 Amortization of capitalized interest 616 676 746 847 904 452 462 Less interest capitalized (1,720) (681) (2,114) (1,936) (319) (73) (481) 50% real estate rent 7,383 7,406 7,591 8,275 8,920 4,388 4,587 20% equipment rent 2,574 3,237 4,339 4,858 2,421 2,487 -------- -------- -------- -------- -------- -------- -------- Earnings $ 54,772 $ 80,767 $ 87,175 $ 84,986 $ 90,424 $ 45,330 $ 43,827 -------- -------- -------- -------- -------- -------- -------- FIXED CHARGES Interest $ 40,117 $ 39,785 $ 41,226 $ 42,903 $ 51,540 $ 25,719 $ 25,243 Capitalized interest 1,720 681 2,114 1,936 319 73 481 Loan cost amortization expense 194 176 184 422 1,120 507 616 50% real estate rent 7,383 7,406 7,591 8,275 8,920 4,388 4,587 20% equipment rent -- 2,574 3,237 4,339 4,858 2,421 2,487 -------- -------- -------- -------- -------- -------- -------- Fixed Charges $ 49,414 $ 50,622 $ 54,352 $ 57,875 $ 66,757 $ 33,108 $ 33,413 -------- -------- -------- -------- -------- -------- -------- Ratio 1.11 1.60 1.60 1.47 1.35 1.37 1.31