Exhibit 12.1
Computation of Ratio of Earnings (Losses) to Fixed Charges
(in 000’s) |
| Three Months |
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| Ended | Fiscal Years Ending | |||||
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| April 1, | Dec. 31, |
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| 2006 | 2005 | 2005 | 2004 | 2003 | 2002 | 2001 |
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Net income (loss) for the period |
| (127,350) | 38,968 | 372,421 | 402,907 | 337,408 | 382,727 | 87,859 |
Add: Income tax (benefit) expense |
| (72,340) | 20,833 | 155,770 | 232,392 | 185,493 | 210,237 | 58,362 |
Add: Minority interest |
| 46 | (64) | (120) | (68) | 248 | (97) | 18,750 |
Fixed charges |
| 71,756 | 66,275 | 276,974 | 314,681 | 337,164 | 351,622 | 175,457 |
Less: Capitalized interest |
| (2,338) | (2,875) | (6,490) | (3,491) | (3,325) | (9,264) | (3,249) |
Income (loss) before taxes on income and fixed charges |
| (130,226) | 123,137 | 798,555 | 946,421 | 856,988 | 935,225 | 337,179 |
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Fixed Charges: |
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Interest |
| 57,177 | 51,711 | 225,536 | 268,438 | 294,175 | 296,983 | 143,718 |
Capitalized interest |
| 2,338 | 2,875 | 6,490 | 3,491 | 3,325 | 9,264 | 3,249 |
Rentals at computed interest factor (1) |
| 11,346 | 10,930 | 38,805 | 37,010 | 34,730 | 37,504 | 25,343 |
Amortization of debt discount expense |
| 895 | 759 | 6,143 | 5,742 | 4,934 | 7,871 | 3,147 |
Total fixed charges |
| 71,756 | 66,275 | 276,974 | 314,681 | 337,164 | 351,622 | 175,457 |
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Ratio of earnings (losses) to fixed charges |
| (1.81) | 1.86 | 2.88 | 3.01 | 2.54 | 2.66 | 1.92 |
(1) | Amounts represent those portions of rent expense (one-third) that are reasonable approximations of interest costs. |
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