Exhibit 12
Calculation of Ratio of Earnings to Fixed Charges
(in thousands)
Years Ended July 31, | Nine Months Ended | |||||||||||||||||||||||||||
April 25, | May 1, | |||||||||||||||||||||||||||
2000 | 2001 | 2002 | 2003 | 2004 | 2004 | 2005 | ||||||||||||||||||||||
Earnings | ||||||||||||||||||||||||||||
Income before cumulative effect of change in accounting principle | $ | 60,507 | $ | 34,206 | $ | 12,878 | $ | 12,392 | $ | 26,649 | $ | 11,378 | $ | 21,477 | ||||||||||||||
Income tax provision | 35,536 | 20,091 | 6,343 | 2,635 | 15,232 | 6,484 | 14,199 | |||||||||||||||||||||
Earnings | 96,043 | 54,297 | 19,221 | 15,027 | 41,881 | 17,862 | 35,676 | |||||||||||||||||||||
Fixed Charges | ||||||||||||||||||||||||||||
Interest expense | 21,169 | 22,195 | 16,255 | 27,985 | 38,098 | 28,824 | 25,872 | |||||||||||||||||||||
Portion of rental expense representative of interest factor | 1,113 | 2,082 | 3,030 | 3,034 | 3,264 | 2,439 | 2,612 | |||||||||||||||||||||
Fixed charges | 22,282 | 24,277 | 19,285 | 31,019 | 41,362 | 31,263 | 28,484 | |||||||||||||||||||||
Capitalized interest | (580 | ) | ¾ | ¾ | ¾ | ¾ | ¾ | ¾ | ||||||||||||||||||||
Earnings before income tax provision and fixed charges | $ | 117,745 | $ | 78,574 | $ | 38,506 | $ | 46,046 | $ | 83,243 | $ | 49,125 | $ | 64,160 | ||||||||||||||
Ratio of earnings to fixed charges | 5.3 | x | 3.2 | x | 2.0 | x | 1.5 | x | 2.0 | x | 1.6 | x | 2.3 | x | ||||||||||||||