Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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| Fiscal Year Ended |
| Six |
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| December 30, |
| December 29, |
| December 28, |
| December 27, |
| December 25, |
| June 25, |
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Earnings: |
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Pre-tax income from continuing operations |
| $ | (117.6 | ) | $ | (28.4 | ) | $ | (71.8 | ) | $ | (44.6 | ) | $ | (52.3 | ) | $ | (27.1 | ) |
Add: Fixed Charges adjusted for capitalized interest |
| 72.3 |
| 52.4 |
| 46.5 |
| 42.6 |
| 40.8 |
| 20.3 |
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Total |
| $ | (45.3 | ) | $ | 24.0 |
| $ | (25.3 | ) | $ | (2.0 | ) | $ | (11.5 | ) | $ | (6.8 | ) |
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Fixed Charges: |
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Interest expense on debt and amortization of deferred financing costs |
| $ | 66.4 |
| $ | 46.4 |
| $ | 39.4 |
| $ | 36.0 |
| $ | 34.7 |
| $ | 17.7 |
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Capitalized interest |
| — |
| — |
| — |
| — |
| — |
| — |
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Estimate of interest in rent expense (1) |
| 5.9 |
| 6.0 |
| 7.1 |
| 6.6 |
| 6.1 |
| 2.6 |
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Total |
| $ | 72.3 |
| $ | 52.4 |
| $ | 46.5 |
| $ | 42.6 |
| $ | 40.8 |
| $ | 20.3 |
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Ratio of earnings to fixed charges |
| N/A |
| 0.5 |
| N/A |
| N/A |
| N/A |
| N/A |
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Deficiency of earnings available to cover fixed charges |
| $ | (117.6 | ) | $ | (28.4 | ) | $ | (71.8 | ) | $ | (44.6 | ) | $ | (52.3 | ) | $ | (37.3 | ) |
(1) The interest component of rent was estimated to be one-third of net rental expense, which we believe is representative of the interest factor
