EX-12.1 15 a08-17534_3ex12d1.htm EX-12.1

Exhibit 12.1

 

Computation of Ratios of Earnings to Fixed Charges

(dollars in millions)

 

 

 

April 27,

 

April 29,

 

April 30,

 

April 24,

 

April 25,

 

 

 

2008

 

2007

 

2006

 

2005

 

2004

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operatons before income taxes and minority interest

 

$

(156.8

)

$

(15.9

)

$

20.7

 

$

34.3

 

$

49.8

 

Fixed charges

 

125.2

 

112.4

 

92.9

 

80.7

 

83.6

 

Less capitalized interest

 

(3.3

)

(9.5

)

(4.6

)

(3.2

)

(1.5

)

Earnings (loss)

 

$

(34.9

)

$

87.0

 

$

109.0

 

$

111.8

 

$

131.9

 

Interest expense

 

$

109.3

 

$

89.2

 

$

76.3

 

$

65.0

 

$

69.8

 

Capitalized interest

 

3.3

 

9.5

 

4.6

 

3.2

 

1.5

 

Interest portion of rental expense

 

12.6

 

13.7

 

12.0

 

12.5

 

12.3

 

Total fixed charges

 

$

125.2

 

$

112.4

 

$

92.9

 

$

80.7

 

$

83.6

 

Ration of earnings to fixed charges

 

N/M

 

1.3

x

0.9

x

0.7

x

0.6

x