Exhibit 12.1
Statement of Computation of Ratios of Earnings to Fixed Charges
Fiscal Years Ended | ||||||||||||||||||||
June 29, | June 24, | June 25, | June 26, | June 27, | ||||||||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||||||
Earnings available to fixed charges: | ||||||||||||||||||||
Loss from continuing operations before income taxes | $ | (30,326 | ) | $ | (139,026 | ) | $ | (12,066 | ) | $ | (30,296 | ) | $ | (70,261 | ) | |||||
Minority interest (income) expense | — | — | — | (530 | ) | (6,430 | ) | |||||||||||||
Equity in (earnings) losses in unconsolidated affiliates | (1,402 | ) | 4,292 | (825 | ) | (6,938 | ) | 6,877 | ||||||||||||
Fixed charges | 26,621 | 26,163 | 19,700 | 21,014 | 19,150 | |||||||||||||||
Distributed income from equity affiliates | 4,462 | 6,367 | 1,770 | 6,905 | 1,079 | |||||||||||||||
$ | (645 | ) | $ | (102,204 | ) | $ | 8,579 | $ | (9,845 | ) | $ | (49,585 | ) | |||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | $ | 26,056 | $ | 25,518 | $ | 19,266 | $ | 20,594 | $ | 18,706 | ||||||||||
Portion of rent determined to be interest | 565 | 645 | 434 | 420 | 444 | |||||||||||||||
$ | 26,621 | $ | 26,163 | $ | 19,700 | $ | 21,014 | $ | 19,150 | |||||||||||
Ratio of Earnings to Fixed Charges (1) | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||
(1) | Earnings were insufficient to cover fixed charges by $27.3 million, $128.4 million, $11.1 million, $30.9 million, and $68.7 million, respectively in fiscal years 2008, 2007, 2006, 2005, and 2004. |