- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
|
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
Three Months Ended
Dec. 27,
Fiscal Years Ending
2003
2003
2002
2001
2000
1999
Net income for the period
57,393
337,408
382,727
87,859
151,221
230,048
Add: Provision for income taxes
31,607
185,493
210,237
58,362
83,520
129,355
Add: Minority interest
29
248
(97)
18,750
(182)
11,526
Fixed charges
79,105
337,164
351,622
175,457
142,613
159,072
Less: Capitalized interest
(552)
(3,325)
(9,264)
(3,249)
(1,746)
(5,226)
Income before taxes on income and fixed charges
167,582
856,988
935,225
337,179
375,426
524,775
Fixed Charges:
Interest
68,365
294,175
296,983
143,718
115,261
128,035
Capitalized interest
552
3,325
9,264
3,249
1,746
5,226
Rentals at computed interest factor (1)
8,893
34,730
37,504
25,343
22,052
21,398
Amortization of debt discount expense
1,295
4,934
7,871
3,147
3,554
4,413
Total fixed charges
79,105
337,164
351,622
175,457
142,613
159,072
Ratio of earnings to fixed charges
2.12
2.54
2.66
1.92
2.63
3.30
(1) Amounts represent those portions of rent expense (one-third) that are reasonable approximations of interest costs.
35