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EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Two Quarters Ended
December 31, January 1,
1999 1999
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(CONTINUING OPERATIONS IN MILLIONS OF DOLLARS, EXCEPT RATIOS)
EARNINGS:
Net income . . . . . . . . . . . . . . . . . . . . . $22.9 $24.6
Plus: Income taxes. . . . . . . . . . . . . . . . . 12.4 13.9
Fixed charges . . . . . . . . . . . . . . . . 12.2 6.2
Amortization of capitalized interest. . . . . - -
Less: Interest capitalized during the period. . . . - -
Undistributed earnings in equity investments. .4 (2.2)
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$47.9 $42.5
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FIXED CHARGES:
Interest expense . . . . . . . . . . . . . . . . . . $ 8.6 $ 2.6
Plus: Interest capitalized during the period. . . . - -
Portion of rents deemed representative of the
interest factor. . . . . . . . . . . . . . . 3.6 3.6
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$12.2 $ 6.2
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RATIO OF EARNINGS TO FIXED CHARGES . . . . . . . . . 3.93 6.85
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