EX-12 3 ex12-1.htm EX12-1 UNAUDITED COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS TO FC

Ruby Tuesday, Inc
Unaudited Computation of Ratio of Consolidated Earnings to Fixed Charges
(Dollar Amounts in Millions)

 

 

 

Fiscal Year Ended

 

 

June 2, 2009

June 3, 2008

June 5, 2007

June 6, 2006

May 31, 2005

June 1, 2004

Earnings before fixed charges:

 

 

 

 

 

 

 

Income (loss) from continuing operations before income taxes

 

$   (42.9)

$   23.7

$  132.4

$  151.0

$  154.9

$  170.5

Add equity in losses (deduct equity in earnings) of equity interest

 

-

3.5

1.3

(0.9)

(2.7)

(5.9)

Distribution of earnings from equity investees

 

-

-

0.8

0.8

0.9

0.4

Less Capitalized interest

 

0.5

(0.2)

(1.0)

(1.8)

(1.8)

(1.5)

 

 

(42.4)

27.0

133.5

149.1

151.3

163.5

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

Interest expense

 

35.1

33.6

23.9

18.0

10.4

9.9

Interest portion of rent expense

 

15.7

16.4

13.8

11.8

10.2

7.5

Debt issuance amortization

 

1.9

0.7

0.4

0.5

0.7

0.6

Total fixed charges

 

52.7

50.7

38.1

30.3

21.3

18.0

 

 

 

 

 

 

 

 

Adjusted earnings from continuing operations before income taxes

 

 

 

 

 

 

 

available to cover fixed charges

 

$    10.3

$   77.7

$  171.6

$  179.4

$  172.6

$  181.5

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges*

 

0.20

1.53

4.50

5.92

8.10

10.08

 

 

 

 

 

 

 

 

Amount by which earnings were insufficient to cover fixed charges

 

(42.4)

N/A

N/A

N/A

N/A

N/A

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

* We are presenting the ratio above solely pursuant to the requirement set forth in Item 503 of Regulation S-K.  The earnings and fixed charges in the above ratio are calculated using the definitions as set for by Regulation S-K.