EXHIBIT 12
STATEMENT RE: COMPUTATION OF HISTORICAL
RATIO OF EARNINGS TO FIXED CHARGES
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| April 26, |
| April 27, |
| April 29, |
| April 30, |
| April 25, |
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Income (loss) from continuing operations before minority interest |
| $ | 59.4 |
| $ | (33.2 | ) | $ | (11.2 | ) | $ | 32.8 |
| $ | 30.9 |
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Add: Fixed charges |
| 103.6 |
| 119.9 |
| 104.8 |
| 87.6 |
| 76.9 |
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Less: Capitalized interest |
| (1.0 | ) | (2.4 | ) | (6.5 | ) | (3.5 | ) | (3.0 | ) | |||||
Earnings |
| $ | 162.0 |
| $ | 84.3 |
| $ | 87.1 |
| $ | 116.9 |
| $ | 104.8 |
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Interest expense |
| $ | 92.1 |
| $ | 106.8 |
| $ | 88.1 |
| $ | 75.2 |
| $ | 64.6 |
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Capitalized interest |
| 1.0 |
| 2.4 |
| 6.5 |
| 3.5 |
| 3.0 |
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Interest portion of rental expense |
| 10.5 |
| 10.7 |
| 10.2 |
| 8.9 |
| 9.3 |
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Fixed charges |
| $ | 103.6 |
| $ | 119.9 |
| $ | 104.8 |
| $ | 87.6 |
| $ | 76.9 |
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Ratio of earnings to fixed charges |
| 1.6 | x | 0.7 | x | 0.8 | x | 1.3 | x | 1.4 | x |