EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
($ in thousands)
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| Pro |
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| March 29, |
| March 27, |
| March 26, |
| March 25, |
| March 31, |
| March 31, |
| June 27, |
| June 23, |
| June 23, |
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Earnings: |
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Earnings (loss) from |
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Fixed charges |
| 26,401 |
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| 22,031 |
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| 18,191 |
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| 16,273 |
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| 22,481 |
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| 19,115 |
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| 5,102 |
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| 4,774 |
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| 4,445 |
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Amortization of |
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Less: Interest charges |
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Total Earnings (Loss) |
| (28,668 | ) |
| 12,765 |
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| 46,738 |
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| 47,102 |
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| 61,916 |
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| 62,549 |
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| 9,159 |
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| 15,181 |
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| 15,409 |
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Fixed Charges: |
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Interest expense |
| 17,322 |
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| 13,146 |
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| 9,315 |
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| 7,669 |
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| 12,751 |
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| 9,385 |
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| 2,857 |
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| 2,525 |
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| 2,197 |
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Capitalized interest |
| 279 |
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| 385 |
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| 293 |
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| 181 |
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| 202 |
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| 202 |
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| 47 |
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| 48 |
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| 48 |
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Interest component |
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Total Fixed Charges |
| 26,401 |
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| 22,031 |
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| 18,191 |
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| 16,273 |
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| 22,481 |
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| 19,115 |
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| 5,102 |
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| 4,774 |
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| 4,445 |
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Ratio of Earnings to |
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Deficiency | $ | (55,069 | ) | $ | (9,266 | ) |
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For purposes of calculating the ratio of earnings to fixed charges, earnings consist of pretax earnings from continuing operations plus fixed charges (excluding capitalized interest). Fixed charges consist of interest cost, whether expensed or capitalized.
N/A: Earnings were insufficient to cover fixed charges. The amount shown below represents the deficiency in earnings to achieve a one-to-one ratio.