Exhibit 12.1
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
PFGI | Predecessor | ||||||||||||||||||||||||
Fiscal year ended December 31, 2006 | Fiscal year ended December 25, 2005 | 21 weeks ended December 26, 2004 | 36 weeks ended July 31, 2004 | 16 weeks ended November 24, 2003 | Fiscal year ended July 31, | ||||||||||||||||||||
2003 | 2002 | ||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||
Fixed charges as defined: | |||||||||||||||||||||||||
Interest expense | $ | 86,615 | $ | 71,104 | $ | 26,260 | $ | 26,240 | $ | 9,310 | $ | 11,592 | $ | 14,513 | |||||||||||
One-third of non-cancelable lease rent | 2,026 | 2,062 | 499 | 845 | 317 | 1,119 | 1,473 | ||||||||||||||||||
Total fixed charges (A) | 88,641 | 73,166 | 26,759 | 27,085 | 9,627 | 12,711 | 15,986 | ||||||||||||||||||
Eanings as defined: | |||||||||||||||||||||||||
Earnings (loss) before income taxes | 60,022 | (43,602 | ) | (15,281 | ) | (87,070 | ) | (4,580 | ) | 13,964 | 16,112 | ||||||||||||||
Add fixed charges | 88,641 | 73,166 | 26,759 | 27,085 | 9,627 | 12,711 | 15,986 | ||||||||||||||||||
Earnings and fixed charges (B) | 148,663 | 29,564 | 11,478 | (59,985 | ) | 5,047 | 26,675 | 32,098 | |||||||||||||||||
Ratio of earnings to fixed charges: (B/A) | 1.68 | NM | (1) | NM | (1) | NM | (1) | NM | (2) | 2.10 | 2.01 |
(1) | PFGI’s earnings for fiscal 2005, the 21 weeks ended December 26, 2004 and the 36 weeks ended July 31, 2004 were insufficient to cover fixed charges by $43.6 million, $15.3 million and $87.1 million, respectively. |
(2) | The Predecessor’s earnings for the 16 weeks ended November 24, 2003 were insufficient to cover fixed charges by $4.6 million. |