Exhibit 12.1
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
Successor | Predecessor | |||||||||||||||||||||||
Fiscal Year ended | Fiscal Year ended | Fiscal Year ended | Fiscal Year ended | 39 weeks ended | 13 weeks ended | |||||||||||||||||||
December 25, 2011 | December 26, 2010 | December 27, 2009 | December 28, 2008 | December 30, 2007 | April 2, 2007 | |||||||||||||||||||
Fixed charges as defined: | ||||||||||||||||||||||||
Interest expense | $ | 208,319 | $ | 236,004 | $ | 121,167 | $ | 153,280 | $ | 124,504 | $ | 39,079 | ||||||||||||
One-third of non-cancelable lease rent | 3,771 | 4,071 | 1,756 | 1,654 | 784 | 501 | ||||||||||||||||||
Total fixed charges (A) | $ | 212,090 | $ | 240,075 | $ | 122,923 | $ | 154,934 | $ | 125,288 | $ | 39,580 | ||||||||||||
Eanings as defined: | ||||||||||||||||||||||||
Earnings (loss) before income taxes | $ | (24,811 | ) | $ | 29,436 | $ | 24,880 | $ | (1,545 | ) | $ | (23,963 | ) | $ | (60,365 | ) | ||||||||
Add fixed charges | 212,090 | 240,075 | 122,923 | 154,934 | 125,288 | 39,580 | ||||||||||||||||||
Earnings and fixed charges (B) | $ | 187,279 | $ | 269,511 | $ | 147,803 | $ | 153,389 | $ | 101,325 | $ | (20,785 | ) | |||||||||||
Ratio of earnings to fixed charges: (B/A) | NM (1) | 1.12x | 1.20x | NM (1) | NM (1) | NM (2) |
(1) | The Successor's earnings for the fiscal years ended December 25, 2011, December 28, 2008 and the 39 weeks ended December 30, 2007 were insufficient to cover fixed charges by $24.8 million, $1.5 million and $24.0 million, respectively. For periods where earnings are insufficient to cover fixed charges, the ratio of earnings to fixed charges is not meaningful ("NM"). |
(2) | The Predecessor's earnings for the 13 weeks ending April 2, 2007 were insufficient to cover fixed charges by $60.3 million. |