Exhibit 12.1
Fixed Charges
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![]() | Fiscal year ended | ![]() | Six Months Ended | ![]() | Fiscal year ended | ![]() | Nine months ended | |||||||||||||||||||||||||||
(dollars in thousands) | ![]() | June 27, 1998 | ![]() | July 3, 1999 | ![]() | Jan 1, 2000 | ![]() | Dec 30, 2000 | ![]() | Dec 29, 2001 | ![]() | Dec 28, 2002 | ![]() | September 28, 2002 | ![]() | September 27, 2003 | ||||||||||||||||||
Earnings | ![]() | |||||||||||||||||||||||||||||||||
Net income (loss) | ![]() | $ | 71,374 | ![]() | $ | 86,320 | ![]() | $ | 3,776 | ![]() | $ | (90,486 | ) | ![]() | $ | (87,302 | ) | ![]() | $ | (51,752 | ) | ![]() | $ | (33,250 | ) | ![]() | $ | (32,620 | ) | |||||
Loss (income) from joint ventures | ![]() | 946 | ![]() | 274 | ![]() | 277 | ![]() | (817 | ) | ![]() | (767 | ) | ![]() | (1,565 | ) | ![]() | (1,472 | ) | ![]() | (1,654 | ) | |||||||||||||
Fixed charges | ![]() | 18,345 | ![]() | 19,509 | ![]() | 15,237 | ![]() | 138,215 | ![]() | 116,599 | ![]() | 93,146 | ![]() | 72,430 | ![]() | 88,336 | ||||||||||||||||||
Amortization of capitalized interest | ![]() | 316 | ![]() | 316 | ![]() | 420 | ![]() | 6,436 | ![]() | 6,637 | ![]() | 6,579 | ![]() | 4,934 | ![]() | 4,947 | ||||||||||||||||||
Distributions from joint ventures | ![]() | — | ![]() | — | ![]() | — | ![]() | 1,528 | ![]() | 1,631 | ![]() | 2,122 | ![]() | 1,661 | ![]() | 1,877 | ||||||||||||||||||
Capitalized interest | ![]() | (1,166 | ) | ![]() | (804 | ) | ![]() | (195 | ) | ![]() | (2,282 | ) | ![]() | (198 | ) | ![]() | (148 | ) | ![]() | — | ![]() | (1,665 | ) | |||||||||||
Earnings before fixed charges | ![]() | $ | 89,815 | ![]() | $ | 105,615 | ![]() | $ | 19,515 | ![]() | $ | 52,594 | ![]() | $ | 36,600 | ![]() | $ | 48,382 | ![]() | $ | 44,303 | ![]() | $ | 59,221 | ||||||||||
Fixed charges | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ![]() | ||||||||||||||||||||||||||
Net interest expense | ![]() | $ | 16,835 | ![]() | $ | 18,305 | ![]() | $ | 14,842 | ![]() | $ | 135,085 | ![]() | $ | 115,549 | ![]() | $ | 92,150 | ![]() | $ | 71,791 | ![]() | $ | 86,035 | ||||||||||
Capitalized interest | ![]() | 1,166 | ![]() | 804 | ![]() | 195 | ![]() | 2,282 | ![]() | 198 | ![]() | 148 | ![]() | — | ![]() | 1,665 | ||||||||||||||||||
Interest implicit in rentals | ![]() | 344 | ![]() | 400 | ![]() | 200 | ![]() | 848 | ![]() | 852 | ![]() | 848 | ![]() | 639 | ![]() | 636 | ||||||||||||||||||
Total fixed charges | ![]() | $ | 18,345 | ![]() | $ | 19,509 | ![]() | $ | 15,237 | ![]() | $ | 138,215 | ![]() | $ | 116,599 | ![]() | $ | 93,146 | ![]() | $ | 72,430 | ![]() | $ | 88,336 | ||||||||||
Ratio of earnings to fixed charges | ![]() | 4.9 | x | ![]() | 5.4 | x | ![]() | 1.3 | x | ![]() | — | ![]() | — | ![]() | — | ![]() | — | ![]() | — | |||||||||||||||
Deficiency of earnings to cover fixed charges | ![]() | $ | — | ![]() | $ | — | ![]() | $ | — | ![]() | $ | 85,621 | ![]() | $ | 79,999 | ![]() | $ | 44,764 | ![]() | $ | 28,127 | ![]() | $ | 29,115 | ||||||||||
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