1 EXHIBIT 12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Quarter Ended October 1, October 2, 1999 1998 ---------- ---------- (CONTINUING OPERATIONS IN MILLIONS OF DOLLARS, EXCEPT RATIOS) EARNINGS: Net income . . . . . . . . . . . . . . . . . . . . . $ 9.3 $ 7.2 Plus: Income taxes. . . . . . . . . . . . . . . . . 5.0 4.1 Fixed charges . . . . . . . . . . . . . . . . 3.5 4.6 Amortization of capitalized interest. . . . . - - Less: Interest capitalized during the period. . . . - - Undistributed earnings in equity investments. (4.3) (3.8) ----- ----- $13.5 $12.1 ===== ===== FIXED CHARGES: Interest expense . . . . . . . . . . . . . . . . . . $ 1.7 $ 2.8 Plus: Interest capitalized during the period. . . . - - Portion of rents deemed representative of the interest factor. . . . . . . . . . . . . . . 1.8 1.8 ----- ----- $ 3.5 $ 4.6 ===== ===== RATIO OF EARNINGS TO FIXED CHARGES . . . . . . . . . 3.86 2.63 ===== =====