EX-12 2 d34747exv12.htm STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12
 

Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                                                   
    Quarter Ended                    
    March 31,   December 31,   December 31,   December 31,   December 29,   December 30,
    2006   2005   2004   2003   2002   2001
(In thousands)                        
Earnings (loss) from continuing operations before income taxes
  $ 54,648     $ 175,860     $ 127,830     $ 47,745     $ (2,210 )   $ (187,039 )
Add:
                                               
 
Interest on indebtedness
    7,482       36,234       34,227       39,324       43,774       47,250  
 
Amortization of debt expense
    177       939       1,098       1,741       1,542       1,766  
 
Portion of rents representative of the interest factor
    1,998       7,392       7,089       7,807       8,859       10,608  
Deduct:
                                               
 
Undistributed earnings from less-than-50- percent-owned entities
    (249 )     (631 )     (1,055 )     (1,777 )     160       (90 )
                                     
Earnings (as defined)
  $ 64,056     $ 219,794     $ 169,189     $ 94,840     $ 52,125 (a)   $ (127,505 )(b)
                                     
Fixed charges:
                                               
 
Interest on indebtedness
    7,482       36,234       34,227       39,324       43,774       47,250  
 
Amortization of debt expense
    177       939       1,098       1,741       1,542       1,766  
 
Portion of rents representative of the interest factor
    1,998       7,392       7,089       7,807       8,859       10,608  
                                     
Total fixed charges
  $ 9,657     $ 44,565     $ 42,414     $ 48,872     $ 54,175     $ 59,624  
                                     
Ratio of earnings to fixed charges
    6.6 x     4.9 x     4.0 x     1.9 x     1.0 x(a)     (b)
                                     
 
(a) Earnings were insufficient to cover fixed charges for the year ended December 29, 2002 by $2,050.
 
(b) Earnings were insufficient to cover fixed charges for the year ended December 30, 2001 by $187,129.