.
.
.
EXHIBIT 12.1
Statement re: Computation of Earnings to Fixed Charges
(in thousands)
Fiscal Year Ended Nine Months Ended
------------------------------------------------------------- ----------------------
(52 weeks) (53 weeks) (52 weeks) (39 weeks)
------------------------------------------------------------- ----------------------
Sept. 26, Sept. 25, Sept. 30, Sept. 29, Sept. 28, June 29, June 28,
1998 1999 2000 2001 2002 2002 2002
--------- --------- --------- --------- --------- --------- ---------
EARNINGS
Net Income $ 4,163 $ 18,750 $ 21,091 $ 17,850 $ 14,733 $ 10,981 $ 10,204
Interest (including capitalized) 41,837 40,466 43,340 44,839 51,859 39,598 38,880
Income tax 2,300 11,400 13,100 10,350 8,350 6,550 5,800
Loan cost amortization expense 194 176 184 422 1,120 813 933
Amortization of capitalized interest 616 676 746 847 904 678 699
Less interest capitalized (1,720) (681) (2,114) (1,936) (319) (142) (799)
50% real estate rent 7,383 7,406 7,591 8,275 8,920 6,144 7,059
20% equipment rent 2,574 3,237 4,339 4,858 3,626 3,720
-------- -------- -------- -------- -------- -------- --------
Earnings $ 54,772 $ 80,767 $ 87,175 $ 84,986 $ 90,424 $ 68,248 $ 66,496
-------- -------- -------- -------- -------- -------- --------
FIXED CHARGES
Interest $ 40,117 $ 39,785 $ 41,226 $ 42,903 $ 51,540 $ 39,456 $ 38,081
Capitalized interest 1,720 681 2,114 1,936 319 142 799
Loan cost amortization expense 194 176 184 422 1,120 813 933
50% real estate rent 7,383 7,406 7,591 8,275 8,920 6,144 7,059
20% equipment rent -- 2,574 3,237 4,339 4,858 3,626 3,720
-------- -------- -------- -------- -------- -------- --------
Fixed Charges $ 49,414 $ 50,622 $ 54,352 $ 57,875 $ 66,757 $ 50,181 $ 50,592
-------- -------- -------- -------- -------- -------- --------
Ratio 1.11 1.60 1.60 1.47 1.35 1.36 1.31