EXHIBIT 12
ARAMARK CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (A)
(Unaudited)
(In thousands)
Successor | Predecessor | |||||||||||||||||||||||||
Fiscal Year Ended October 3, 2008 (B) | Period from January 27, 2007 through September 28, 2007 | Period from September 30, 2006 through January 26, 2007 | Fiscal Year Ended | |||||||||||||||||||||||
September 29, 2006 | September 30, 2005 | October 1, 2004 | ||||||||||||||||||||||||
Income from continuing operations before income taxes and cumulative effect of change in accounting principle | $ | 51,446 | $ | 20,700 | $ | 19,863 | $ | 390,586 | $ | 453,173 | $ | 415,216 | ||||||||||||||
Fixed charges, excluding capitalized interest | 577,262 | 412,658 | 67,422 | 193,516 | 180,582 | 174,892 | ||||||||||||||||||||
Other, net | (13,888 | ) | (11,801 | ) | (5,411 | ) | (9,464 | ) | (10,127 | ) | (12,819 | ) | ||||||||||||||
Earnings, as adjusted | $ | 614,820 | $ | 421,557 | $ | 81,874 | $ | 574,638 | $ | 623,628 | $ | 577,289 | ||||||||||||||
Interest expense | $ | 517,334 | $ | 375,378 | $ | 49,435 | $ | 141,539 | $ | 130,890 | $ | 124,749 | ||||||||||||||
Portion of operating lease rentals representative of interest factor | 59,928 | 37,280 | 17,987 | 51,977 | 49,692 | 50,143 | ||||||||||||||||||||
Fixed charges | $ | 577,262 | $ | 412,658 | $ | 67,422 | $ | 193,516 | $ | 180,582 | $ | 174,892 | ||||||||||||||
Ratio of earnings to fixed charges | 1.1 | x | 1.0 | x | 1.2 | x | 3.0 | x | 3.5 | x | 3.3 | x | ||||||||||||||
(A) | For the purpose of determining the ratio of earnings to fixed charges, earnings include pre-tax income from continuing operations plus fixed charges (excluding capitalized interest). Fixed charges consist of interest on all indebtedness (including capitalized interest) plus that portion of operating lease rentals representative of the interest factor (deemed to be one-third of operating lease rentals). |
(B) | Fiscal 2008 was a 53 week year. |