1 EXHIBIT 12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Quarter Ended ----------------------------- September 29, October 1, (Continuing operations in millions, except ratios) 2000 1999 ------------- -------------- EARNINGS: Net Income $(34.8) $ 9.3 Plus: Income taxes 20.9 5.0 Fixed charges 9.9 3.5 Amortization of capitalized interest -- -- Less: Interest capitalized during the period -- -- Undistributed earnings in equity investments (1.7) (4.3) ------ ------ $ (5.7) $ 13.5 ====== ====== FIXED CHARGES: Interest expense $ 8.1 $ 1.7 Plus: Interest capitalized during the period -- -- Portion of rents deemed representative of the interest factor 1.8 1.8 ------ ------ $ 9.9 $ 3.5 ====== ====== RATIO OF EARNINGS TO FIXED CHARGES (0.58) 3.86 ====== ======