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| Three Months Ended | Fiscal Year Ended | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| March 1, 2009 | November 30, 2008 | December 2, 2007 | November 26, 2006 | November 27, 2005 | November 28, 2004 | ||||||||||||||
| (in thousands) | |||||||||||||||||||
Pre-tax income from operations | $ | 7,773 | $ | 19,064 | $ | 114,431 | $ | 111,830 | $ | 123,052 | $ | (49,637 | ) | |||||||
Fixed charges: | ||||||||||||||||||||
Interest expense and amortization of debt discount and financing costs | 17,548 | 60,464 | 63,976 | 71,961 | 79,565 | 72,731 | ||||||||||||||
Rental(1) | 1,697 | 6,658 | 6,244 | 6,047 | 5,022 | 5,076 | ||||||||||||||
Total fixed charges | 19,245 | 67,122 | 70,220 | 78,008 | 84,587 | 77,807 | ||||||||||||||
Earnings before income taxes and fixed charges | 27,018 | 86,186 | 184,651 | 189,838 | 207,639 | 28,170 | ||||||||||||||
Ratio of earnings to fixed charges(3) | 1.4 | x | 1.3 | x | 2.6 | x | 2.4 | x | 2.5 | x | — | (2) |
- (1)
- The percent of rent included in the calculation of 33% is a reasonable approximation of the interest factor in our operating leases.
- (2)
- For the year ended November 28, 2004, earnings were insufficient to cover fixed charges by $49.6 million.
- (3)
- Since there was no preferred stock outstanding during the periods presented, the ratio of earnings to combined fixed charges and preferred stock dividends does not differ from the ratio of earnings to fixed charges presented above.