EX-12.1 6 f26246exv12w1.htm EXHIBIT 12.1 exv12w1
 

Exhibit 12.1
Statement of Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratios)
                                         
    Fiscal Year Ended  
    October 28,     October 29,     October 30,     October 25,     October 26,  
    2006     2005     2004     2003     2002  
Earnings (loss) from continuing operations before taxes
  $ 98,352     $ 55,198     $ (19,624 )   $ (134,697 )   $ 111,378  
Fixed charges from continuing operations
                                       
Interest expense and amortization of debt discount and issuance costs on all indebtedness
    7,082       7,693       10,677       13,339       11,427  
Interest included in rent
    3,616       3,578       3,722       7,579       6,679  
 
                             
Total fixed charges from continuing operations
    10,698       11,271       14,399       20,917       18,106  
 
                             
Earnings (loss) before taxes and fixed charges
  $ 109,050     $ 66,469     $ (5,225 )   $ (113,780 )   $ 129,484  
 
                             
Ratio of earnings to fixed charges (1)
    10.2 x     5.9 x                 7.2 x
Coverage deficiency (2)
  $     $     $ 19,624     $ 134,697     $  
 
                             
 
(1)   The ratio of earnings to fixed charges was computed by dividing earnings (loss) from continuing operations before taxes by fixed charges from continuing operations for the periods indicated. Fixed charges from continuing operations include (i) interest expense and amortization of debt discount and issuance costs on all indebtedness, and (ii) one-third of all rental expense, which the Company considers to be a reasonable approximation of the interest factor included in rental expense.
 
(2)   Earnings were inadequate to cover fixed charges. For the years ended October 30, 2004 and October 25, 2003, the Company needed additional earnings of $19.6 million and $134.7 million, respectively, to achieve a ratio of earnings to fixed charges of 1.0x.