EX-12.1 2 c76208exv12w1.htm EXHIBIT 12.1 Filed by Bowne Pure Compliance
EXHIBIT 12.1
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratios)
                                         
    Fiscal Year Ended August  
    2008     2007     2006     2005     2004  
    (53 weeks)     (52 weeks)     (52 weeks)     (52 weeks)     (52 weeks)  
Earnings:
                                       
Income before income taxes
  $ 1,007,389     $ 936,150     $ 902,036     $ 873,221     $ 905,902  
Fixed charges
    173,311       170,852       156,976       144,930       130,278  
Less: Capitalized interest
    (1,313 )     (1,376 )     (1,985 )     (1,079 )     (813 )
 
                             
Adjusted earnings
  $ 1,179,387     $ 1,105,626     $ 1,057,027     $ 1,017,072     $ 1,035,367  
 
                             
 
                                       
Fixed charges:
                                       
Gross interest expense
  $ 120,006     $ 121,592     $ 110,568     $ 102,341     $ 89,600  
Amortization of debt expense
    1,837       1,719       1,559       2,343       4,230  
Interest portion of rent expense
    51,468       47,541       44,849       40,246       36,448  
 
                             
Total fixed charges
  $ 173,311     $ 170,852     $ 156,976     $ 144,930     $ 130,278  
 
                             
 
                                       
Ratio of earnings to fixed charges
    6.8       6.5       6.7       7.0       7.9