Exhibit 12
Statement re computation of ratios
Fiscal Years Ended | ||||||||||
2001 | 2000 | 1999 | 1998 | 1997 |
| |||||
Income before income taxes | 10,116 | 9,083 | 7,323 | 5,719 | 4,877 | |||||
Capitalized interest | (93 | ) | (57 | ) | (41 | ) | (33 | ) | (44 | ) |
Minority interest | (129 | ) | (170 | ) | (153 | ) | (78 | ) | (27 | ) |
Adjusted profit before tax | 9,894 | 8,856 | 7,129 | 5,608 | 4,806 | |||||
Fixed Charges | ||||||||||
Debt interest | 1,095 | 756 | 529 | 555 | 629 | |||||
Capital lease interest | 279 | 266 | 268 | 229 | 216 | |||||
Capitalized interest | 93 | 57 | 41 | 33 | 44 | |||||
Interest component of rent | 714 | 458 | 523 | 477 | 449 | |||||
Total fixed expense | 2,181 | 1,537 | 1,361 | 1,294 | 1,338 | |||||
Profit before taxes and fixed expenses | 12,075 | 10,393 | 8,490 | 6,902 | 6,144 | |||||
Fixed charge coverage | 5.54 | 6.76 | 6.24 | 5.33 | 4.59 | |||||
* Does not include the cumulative effect of accounting change recorded by the Company in Fiscal 2000