EXHIBIT 12 SIX MONTHS ENDED ---------------------- YEAR ENDED DECEMBER 31, JUNE 29, JULY 4, ------------------------------------------------ 2003 2004 1999 2000 2001 2002 2003 (UNAUDITED) (UNAUDITED) ------ -------- ------- -------- -------- ---------- ---------- RATIO OF EARNINGS TO FIXED (IN MILLIONS, EXCEPT RATIO DATA) CHARGES CALCULATIONS - -------------------- Income (loss) before income taxes ........................ $38.2 $ (17.7) $ 29.8 $ 50.9 $ 73.7 $ 37.1 $ 46.9 Adjustments to reconcile income (loss) before income taxes to ratio of earnings to fixed charges: Add: Fixed charges ...................................... 53.5 59.7 69.5 63.4 66.4 32.2 33.8 Amortization of capitalized interest ............... 0.7 0.7 0.7 0.7 0.7 0.4 0.4 Less: Interest capitalized ............................... (2.4) (4.5) (0.8) (0.4) (0.7) (0.3) (0.5) ----- ------- ------- -------- -------- ------- ------- Income as adjusted ....................................... $90.0 $ 38.2 $ 99.2 $ 114.6 $ 140.1 $ 69.4 $ 80.6 ===== ======= ======= ======== ======== ======= ======= Fixed Charges: Interest expensed and capitalized .................. $48.3 $ 53.5 $ 60.8 $ 55.0 $ 56.7 $ 27.3 $ 28.7 Portion of rents representative of interest factor . 5.2 6.2 8.7 8.4 9.7 4.9 5.1 ----- ------- ------- -------- -------- ------- ------- Total Fixed Charges ...................................... $53.5 $ 59.7 $ 69.5 $ 63.4 $ 66.4 $ 32.2 $ 33.8 ===== ======= ======= ======== ======== ======= ======= Ratio of earnings to fixed charges ....................... 1.7x 0.6x 1.4x 1.8x 2.1x 2.2x 2.4x ===== ======= ======= ======== ======== ======= =======