Exhibit 12
Calculation of Ratio of Earnings to Fixed Charges
(in thousands)
(in thousands)
Three Months Ended | ||||||||||||||||||||||||||||
Years Ended July 31, | October 31, | October 30, | ||||||||||||||||||||||||||
2001 | 2002 | 2003 | 2004 | 2005 | 2004 (1) | 2005 | ||||||||||||||||||||||
Earnings | ||||||||||||||||||||||||||||
Income (loss) before cumulative effect of change in accounting principle | $ | 34,206 | $ | 12,878 | $ | 12,392 | $ | 26,649 | $ | 57,173 | ($ | 8,729 | ) | $ | 27,866 | |||||||||||||
Income tax provision (benefit) | 20,091 | 6,343 | 2,635 | 15,232 | 35,915 | (5,170 | ) | 18,968 | ||||||||||||||||||||
Earnings (loss) | 54,297 | 19,221 | 15,027 | 41,881 | 93,088 | (13,899 | ) | 46,834 | ||||||||||||||||||||
Fixed Charges | ||||||||||||||||||||||||||||
Interest expense | 22,195 | 16,255 | 27,985 | 38,098 | 32,198 | 8,996 | 5,977 | |||||||||||||||||||||
Portion of rental expense representative of interest factor | 2,082 | 3,030 | 3,034 | 3,264 | 3,429 | 890 | 755 | |||||||||||||||||||||
Fixed charges | 24,277 | 19,285 | 31,019 | 41,362 | 35,627 | 9,886 | 6,732 | |||||||||||||||||||||
Earnings (loss) before income tax provision and fixed charges | $ | 78,574 | $ | 38,506 | $ | 46,046 | $ | 83,243 | $ | 128,715 | ($ | 4,013 | ) | $ | 53,566 | |||||||||||||
Ratio of earnings (loss) to fixed charges | 3.2 | x | 2.0 | x | 1.5 | x | 2.0 | x | 3.6 | x | — | 8.0 | x | |||||||||||||||
(1) | For the three months ended October 31, 2004, earnings were insufficient to cover fixed charges. |