Nine Months Ended | Fiscal Year (2) | ||||||||||||||||||||
September 29, 2002 | September 30, 2001 | 2001 | 2000 | 1999 | 1998 | 1997 | |||||||||||||||
(dollars in millions) | |||||||||||||||||||||
| Income before income taxes | $ | 39.987 | $ | 13.705 | $ | 11.696 | $ | 9.835 | $ | 4.986 | $ | 23.246 | $ | 24.270 | |||||||
| Minority Interest | 6.195 | — | — | — | — | — | — | ||||||||||||||
Fixed Charges | |||||||||||||||||||||
| Interest Expense | 35.471 | 34.245 | 44.322 | 53.346 | 50.581 | 39.947 | 37.479 | ||||||||||||||
| Expenses related to indebtedness (3) | 0.526 | 0.625 | 0.830 | 0.938 | 0.836 | — | — | ||||||||||||||
Estimated interest portion of rental expense | 1.476 | 2.940 | 4.129 | 5.228 | 4.562 | 8.703 | 5.120 | ||||||||||||||
| Piedmont fixed charges | — | 5.228 | 6.668 | 7.432 | 6.911 | 6.837 | 7.219 | ||||||||||||||
| Total fixed charges | 37.473 | 43.037 | 55.949 | 66.944 | 62.890 | 55.487 | 49.818 | ||||||||||||||
| Earnings, as defined | 83.655 | 56.742 | 67.645 | 76.779 | 67.876 | 78.733 | 74.088 | ||||||||||||||
| Ratio of earnings to fixed charges | 2.23 | 1.32 | 1.21 | 1.15 | 1.08 | 1.42 | 1.49 | ||||||||||||||
| (1) | For purposes of computing this ratio, (a) “earnings” consists of income from continuing operations before income taxes and minority interest plus fixed charges and (b) “fixed charges” consists of interest expensed; the amortized premiums, discounts and capitalized expenses related to indebtedness; and the estimated interest portion of our rental expense. |
| (2) | Our fiscal year ends on the Sunday nearest December 31. All years presented are 52-week years, except for 1998, which was a 53-week year. |
| (3) | Consists of the amortized premiums, discounts and capitalized expenses related to indebtedness. |
