EX-12.1 2 g15048kexv12w1.htm EXHIBIT 12.1 Exhibit 12.1
Exhibit 12.1
Statement of Computation of Ratios of Earnings to Fixed Charges
                                         
    Fiscal Years Ended  
    June 29,     June 24,     June 25,     June 26,     June 27,  
    2008     2007     2006     2005     2004  
Earnings available to fixed charges:
                                        
Loss from continuing operations before income taxes
   $ (30,326 )   $ (139,026 )   $ (12,066 )   $ (30,296 )   $ (70,261 )
Minority interest (income) expense
     —       —       —       (530 )     (6,430 )
Equity in (earnings) losses in unconsolidated affiliates
     (1,402 )     4,292       (825 )     (6,938 )     6,877  
Fixed charges
     26,621       26,163       19,700       21,014       19,150  
Distributed income from equity affiliates
     4,462       6,367       1,770       6,905       1,079  
 
                              
 
   $ (645 )   $ (102,204 )   $ 8,579     $ (9,845 )   $ (49,585 )
 
                              
 
                                        
Fixed charges:
                                        
Interest expense
   $ 26,056     $ 25,518     $ 19,266     $ 20,594     $ 18,706  
Portion of rent determined to be interest
     565       645       434       420       444  
 
                              
 
   $ 26,621     $ 26,163     $ 19,700     $ 21,014     $ 19,150  
 
                              
 
                                        
Ratio of Earnings to Fixed Charges (1)
   $ —     $ —     $ —     $ —     $ —  
 
                              
 
                                        
 
(1)   Earnings were insufficient to cover fixed charges by $27.3 million, $128.4 million, $11.1 million, $30.9 million, and $68.7 million, respectively in fiscal years 2008, 2007, 2006, 2005, and 2004.