EX-12 8 exhibit12.htm RATIO OF EARNINGS exhibit12.htm
Exhibit 12
Ratio of Earnings to Fixed Charges
(amounts in thousands)



                                     
   
Fiscal Year Ended
    
May 29, 2005
    
April 13, 2006
    
Fiscal Year
    
Fiscal Year
  
   
2004
    
2005
    
to April 12, 2006
    
to June 3, 2006
    
2007
    
2008
  
                                     
Earnings:
                                    
Income (Loss) before Provision for Income Taxes
   $ 114,980     $ 172,251     $ 150,944     $ (36,982 )   $ (72,624 )   $ (73,794 )
Plus:  Fixed Charges
     44,445       47,775       42,045       29,223       189,226       183,063  
                                                 
    $ 159,425     $ 220,026     $ 192,989     $ (7,759 )   $ 116,602     $ 109,269  
                                                 
Fixed Charges:
                                                
Gross Interest Expense
   $ 5,863     $ 7,132     $ 4,609     $ 18,093     $ 134,313     $ 122,684  
Amortization of Deferred Debt Charges
     75       98       495       5,283       10,250       10,310  
Estimate of Interest Expense Within Operating Leases
     38,507       40,545       36,941       5,847       44,663       50,069  
                                                 
    $ 44,445     $ 47,775     $ 42,045     $ 29,223     $ 189,226     $ 183,063  
                                                 
                                                 
Ratio of Earnings to Fixed Charges
     3.6 x     4.6 x     4.6 x     *       *       *  
                                                 
                                                 
* Due to losses for the period April 13, 2006 to June 3, 2006 and for the fiscal years ended June 2, 2007 and May 31, 2008 the coverage ratio was less than 1:1. BCFWC must generate additional pretax earnings of $37.0 million, $72.6 million and $73.8 million, respectively.