EXHIBIT 12
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
FISCAL YEARS ENDED Quarter Ended
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June 30, June 30, June 30, June 30, June 27, September 30, September 26,
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1993 1994 1995 1996 1997 1996 1997
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HISTORICAL
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Registrant's pretax income $20,055 $22,105 $26,220 $30,226 $26,940 $11,109 $ 7,915
from continuing operations
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Interest 2,473 2,455 2,522 2,608 8,704 737 5,277
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Amortization of debt 9 9 9 9 394 2 298
expense and discount on
premium
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Total fixed charges 2,482 2,464 2,531 2,617 9,098 739 5,575
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Total earnings and fixed $22,537 $24,569 $28,751 $32,843 $36,038 $11,848 $13,490
charges
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Preferred stock dividend requirements 1,102 1,346
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Total fixed charges and $ 2,482 $ 2,464 $ 2,531 $ 2,617 $10,200 $ 739 $ 6,921
preferred stock dividends
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Ratio 9.1x 10.0x 11.4x 12.5x 3.5x 16.0x 1.9X
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PRO FORMA
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Pretax income from $11,106 $ 7,110
continuing operations
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Interest 25,015 6,379
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Total earnings and fixed 36,121 13,489
charges
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Preferred stock dividend requirements 733 183
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Total fixed charges 25,748 6,562
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Pro forma ratio 1.4x 2.1x
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