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EXHIBIT 12
CALCULATION OF RATIOS OF EARNINGS TO FIXED CHARGES
For the Twelve Months Ended
1994 1995 1996 1997 1998
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Actual Ratio of Income to Fixed Charges
Earnings from continuing operations before income $ 974 $4,609 $ 871 $4,035 $3,978
Add Fixed charges:
Interest expense (excluding capitalized interest) 1,792 1,955 1,988 1,629 1,525
Amortization of financing 56 79 127 175 133
Interest factor in rents 45 34 48 64 104
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Total earnings as defined $2,867 $6,677 $3,034 $5,903 $5,740
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Fixed charges:
Interest expense $1,792 $1,955 $1,988 $1,629 $1,525
Capitalized interest 164 0 0 9 59
Amortization of financing costs 56 79 127 175 133
Interest factor in rents 45 34 48 64 104
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Fixed charges $2,057 $2,068 $2,163 $1,877 $1,821
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Ratio of earnings to fixed charges 1.39 3.23 1.40 3.14 3.15
For the Three Months Ended,
May 23, 1997 May 22, 1997
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Actual Ratio of Income to Fixed Charges
Earnings from continuing operations before income $1,622 $544
Add Fixed charges:
Interest expense (excluding capitalized interest) 361 359
Amortization of financing 26 31
Interest factor in rents 27 30
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Total earnings as defined $2,036 $964
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Fixed charges:
Interest expense $ 361 $359
Capitalized interest -- --
Amortization of financing costs 26 31
Interest factor in rents 27 30
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Fixed charges $ 414 $420
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Ratio of earnings to fixed charges 4.92 2.30
Pro Forma Pro Forma
Twelve Months Ended Three Months Ended
February 27, 1998 May, 22, 1998
Adjusted Adjusted
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Pro Forma Ratio of Income to Fixed Charges
Earnings from continuing operations before income taxes $ (423) $(3,427)
Add Fixed charges
Interest expense (excluding capitalized interest) 14,889 3,491
Amortization of financing 671 155
Interest factor in rents 104 30
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Total earnings as defined $15,241 $ 249
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Fixed charges:
Interest expense $14,889 $ 3,491
Capitalized interest 59 --
Amortization of financing costs 671 155
Interest factor in rents 104 30
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Fixed charges $15,723 $ 3,676
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Ratio of earnings to fixed charges .97 .07