Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Quarter Ended | ||||||||||||||||||||||||
March 31, | December 31, | December 31, | December 31, | December 31, | December 29, | |||||||||||||||||||
2007 | 2006 | 2005 | 2004 | 2003 | 2002 | |||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Earnings (loss) before income taxes | $ | 53,825 | $ | 233,442 | $ | 175,860 | $ | 127,830 | $ | 47,745 | $ | (2,210 | ) | |||||||||||
Add: | ||||||||||||||||||||||||
Interest on indebtedness | 7,074 | 29,227 | 36,234 | 34,227 | 39,324 | 43,774 | ||||||||||||||||||
Amortization of debt expense | 171 | 704 | 939 | 1,098 | 1,741 | 1,542 | ||||||||||||||||||
Portion of rents representative of the interest factor | 1,974 | 7,735 | 7,392 | 7,089 | 7,807 | 8,859 | ||||||||||||||||||
Deduct: | ||||||||||||||||||||||||
Undistributed earnings from less-than-50- percent-owned entities | 18 | (61 | ) | (631 | ) | (1,055 | ) | (1,777 | ) | 160 | ||||||||||||||
Earnings (as defined) | $ | 63,062 | $ | 271,047 | $ | 219,794 | $ | 169,189 | $ | 94,840 | $ | 52,125 | (a) | |||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest on indebtedness | 7,074 | 29,227 | 36,234 | 34,227 | 39,324 | 43,774 | ||||||||||||||||||
Amortization of debt expense | 171 | 704 | 939 | 1,098 | 1,741 | 1,542 | ||||||||||||||||||
Portion of rents representative of the interest factor | 1,974 | 7,735 | 7,392 | 7,089 | 7,807 | 8,859 | ||||||||||||||||||
Total fixed charges | $ | 9,219 | $ | 37,666 | $ | 44,565 | $ | 42,414 | $ | 48,872 | $ | 54,175 | ||||||||||||
Ratio of earnings to fixed charges | 6.8 | x | 7.2 | x | 4.9 | x | 4.0 | x | 1.9 | x | 1.0x | (a) | ||||||||||||
(a) | Earnings were insufficient to cover fixed charges for the year ended December 29, 2002 by $2,050. |