EX-12.1 34 dex121.htm STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS OF FIXED CHARGES Statement of Computation of Ratios of Earnings of Fixed Charges

Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges

 

     Fiscal Years Ended  
     June 25,
2006
    June 26,
2005
    June 27,
2004
    June 29,
2003
    June 30,
2002
 

Computation of Earnings

          

Pre-tax loss from continuing operations

   $ (15,896 )   $ (33,221 )   $ (69,262 )   $ (18,680 )   $ (4,585 )

Minority interests

           (530 )     (6,430 )     4,769        

(Income) loss in equity affiliates

     (825 )     (6,938 )     6,877       (10,728 )     1,659  

Fixed charges

     19,562       20,995       19,142       20,186       23,397  

Distributed income from equity affiliates

     1,770       6,905       1,079       11,749       861  
                                        

Earnings

   $ 4,611     $ (12,789 )   $ (48,594 )   $ 7,296     $ 21,332  
                                        

Computation of Fixed Charges

          

Interest expense

   $ 19,247     $ 20,575     $ 18,698     $ 19,736     $ 22,948  

Interest within rental expense

     315       420       444       450       449  
                                        

Fixed charges

   $ 19,562     $ 20,995     $ 19,142     $ 20,186     $ 23,397  
                                        

Ratios of Earnings to Fixed Charges(1)

                              
                                        

(1) The ratio of earnings to fixed charges was less than one-to-one coverage for all periods presented. Earnings were insufficient to cover fixed charges by $15.0 million, $33.8 million, $67.7 million, $12.9 million and $2.1 million, respectively in fiscal years 2006, 2005, 2004, 2003 and 2002.