EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| December | December | December | December | December | |||||||||||||||||
| 31, 2004 | 31, 2003 | 29, 2002 | 30, 2001 | 31, 2000 | |||||||||||||||||
| (In thousands) | |||||||||||||||||||||
| Earnings (loss) from continuing operations before income taxes | $ | 127,830 | $ | 47,745 | $ | (2,210 | ) | $ | (187,039 | ) | $ | (249,388 | ) | ||||||||
| Add: | |||||||||||||||||||||
| Interest on indebtedness | 34,227 | 39,324 | 43,774 | 47,250 | 55,191 | ||||||||||||||||
| Amortization of debt expense | 1,098 | 1,741 | 1,542 | 1,766 | 907 | ||||||||||||||||
| Portion of rents representative of the interest factor | 7,089 | 7,807 | 8,859 | 10,608 | 10,026 | ||||||||||||||||
| Deduct: | |||||||||||||||||||||
| Undistributed earnings from less- than-50-percent-owned entities | (1,055 | ) | (1,777 | ) | 160 | (90 | ) | (2,102 | ) | ||||||||||||
| Earnings (as defined) | $ | 169,189 | $ | 94,840 | $ | 52,125 | (a) | $ | (127,505 | )(b) | $ | (185,366 | )(c) | ||||||||
| Fixed charges: | |||||||||||||||||||||
| Interest on indebtedness | 34,227 | 39,324 | 43,774 | 47,250 | 55,191 | ||||||||||||||||
| Amortization of debt expense | 1,098 | 1,741 | 1,542 | 1,766 | 907 | ||||||||||||||||
| Portion of rents representative of the interest factor | 7,089 | 7,807 | 8,859 | 10,608 | 10,026 | ||||||||||||||||
| Total fixed charges | $ | 42,414 | $ | 48,872 | $ | 54,175 | $ | 59,624 | $ | 66,124 | |||||||||||
| Ratio of earnings to fixed charges | 4.0 | x | 1.9 | x | 1.0 | x(a) | — | (b) | — | (c) | |||||||||||
| (a) | Earnings were insufficient to cover fixed charges for the year ended December 29, 2002 by $2,050. | |
| (b) | Earnings were insufficient to cover fixed charges for the year ended December 30, 2001 by $187,129. | |
| (c) | Earnings were insufficient to cover fixed charges for the year ended December 31, 2000 by $251,490. |