Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Nine Months | ||||||||||||||||||||||||
Ended | ||||||||||||||||||||||||
September 30, | December 31, | December 31, | December 31, | December 29, | December 30, | |||||||||||||||||||
2006 | 2005 | 2004 | 2003 | 2002 | 2001 | |||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Earnings (loss) from continuing operations before income taxes | $ | 175,000 | $ | 175,860 | $ | 127,830 | $ | 47,745 | $ | (2,210 | ) | $ | (187,039 | ) | ||||||||||
Add: | ||||||||||||||||||||||||
Interest on indebtedness | 22,027 | 36,234 | 34,227 | 39,324 | 43,774 | 47,250 | ||||||||||||||||||
Amortization of debt expense | 530 | 939 | 1,098 | 1,741 | 1,542 | 1,766 | ||||||||||||||||||
Portion of rents representative of the interest factor | 5,883 | 7,392 | 7,089 | 7,807 | 8,859 | 10,608 | ||||||||||||||||||
Deduct: | ||||||||||||||||||||||||
Undistributed earnings from less-than-50- percent-owned entities | 361 | (631 | ) | (1,055 | ) | (1,777 | ) | 160 | (90 | ) | ||||||||||||||
Earnings (as defined) | $ | 203,801 | $ | 219,794 | $ | 169,189 | $ | 94,840 | $ | 52,125 | (a) | $ | (127,505 | )(b) | ||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest on indebtedness | 22,027 | 36,234 | 34,227 | 39,324 | 43,774 | 47,250 | ||||||||||||||||||
Amortization of debt expense | 530 | 939 | 1,098 | 1,741 | 1,542 | 1,766 | ||||||||||||||||||
Portion of rents representative of the interest factor | 5,883 | 7,392 | 7,089 | 7,807 | 8,859 | 10,608 | ||||||||||||||||||
Total fixed charges | $ | 28,440 | $ | 44,565 | $ | 42,414 | $ | 48,872 | $ | 54,175 | $ | 59,624 | ||||||||||||
Ratio of earnings to fixed charges | 7.2 | x | 4.9 | x | 4.0 | x | 1.9 | x | 1.0x | (a) | — | (b) | ||||||||||||
(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. |