EX-12 2 d45550exv12.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 31,
    December 29,
 
    2007     2006     2005     2004     2003     2002  
 
(In thousands)
                                               
Earnings (loss) before income taxes
  $ 53,825     $ 233,442     $ 175,860     $ 127,830     $ 47,745     $ (2,210 )
Add:
                                               
Interest on indebtedness
    7,074       29,227       36,234       34,227       39,324       43,774  
Amortization of debt expense
    171       704       939       1,098       1,741       1,542  
Portion of rents representative of the interest factor
    1,974       7,735       7,392       7,089       7,807       8,859  
Deduct:
                                               
Undistributed earnings from less-than-50- percent-owned entities
    18       (61 )     (631 )     (1,055 )     (1,777 )     160  
                                                 
Earnings (as defined)
  $ 63,062     $ 271,047     $ 219,794     $ 169,189     $ 94,840     $ 52,125 (a)
                                                 
Fixed charges:
                                               
Interest on indebtedness
    7,074       29,227       36,234       34,227       39,324       43,774  
Amortization of debt expense
    171       704       939       1,098       1,741       1,542  
Portion of rents representative of the interest factor
    1,974       7,735       7,392       7,089       7,807       8,859  
                                                 
Total fixed charges
  $ 9,219     $ 37,666     $ 44,565     $ 42,414     $ 48,872     $ 54,175  
                                                 
Ratio of earnings to fixed charges
    6.8 x     7.2 x     4.9 x     4.0 x     1.9 x     1.0x (a)
                                                 
 
(a) Earnings were insufficient to cover fixed charges for the year ended December 29, 2002 by $2,050.