EX-12 4 exhibit12.htm RATIO OF EARNINGS TO FIXED CHARGES exhibit12.htm
 
Exhibit 12
 
 
                                   
Ratio of Earnings to Fixed Charges
                                   
(amounts in thousands)
                                   
                                     
     Fiscal Year Ended    
29-Jun-05
   
13-Apr-06
   
                              Fiscal Year Ended
       
   
2005
   
to April 12, 2006
   
to June 3, 2006
   
2007
   
2008
   
2009
 
Earnings:
                                   
     Income (Loss) before Provision for Income
              Taxes
  $ 172,251     $ 150,944     $ (36,982 )   $ (72,624 )   $ (73,794 )   $ (338,572 )
Plus: Fixed Charges
  $ 47,775     $ 42,045     $ 29,223     $ 189,226     $ 183,063     $ 159,242  
                                                 
    $ 220,026     $ 192,989     $ (7,759 )   $ 116,602     $ 109,269     $ (179,330 )
                                                 
Fixed Charges:
                                               
     Gross Interest Expense
  $ 7,132     $ 4,609     $ 18,093     $ 134,313     $ 122,684     $ 92,557  
      Amortization of Deferred Debt Charges
  $ 98     $ 495     $ 5,283     $ 10,250     $ 10,310     $ 10,335  
      Estimate of Interest Expense Within Operating
              Leases
  $ 40,545     $ 36,941     $ 5,847     $ 44,663     $ 50,069     $ 56,350  
                                                 
    $ 47,775     $ 42,045     $ 29,223     $ 189,226     $ 183,063     $ 159,242  
                                                 
Ratio of Earnings to Fixed Charges
    4.6 x     4.6 x     *       *       *       *  
                                                 
* Due to losses for the period April 13, 2006 to June 3, 2006 and the fiscal years ended June 2, 2007, May 31, 2008 and May 30, 2009, the coverage ratio was less than
   1:1. BCFWC must  generate additional pretax earnings of $ 37.0 million, $ 72.6 million, $73.8 million and $338.6 million respectively to achieve a ratio of 1:1 for
   the periods.