EX-12.1 5 exhibit121ratioofearningst.htm EX-12.1 Exhibit 12.1 Ratio of Earnings to Fixed Charges Dec 2012



Exhibit 12.1


Computation of Ratio of Earnings to Fixed Charges
(In thousands except ratio of earnings to fixed charges)

 
Year Ended
 
December 31, 2012
 
December 30, 2011
 
December 31, 2010
 
December 25, 2009
 
December 26, 2008
Earnings:
 
 
 
 
 
 
 
 
 
   Loss from continuing operations before income taxes
$
(38,491
)
 
$
(59,402
)
 
$
(52,849
)
 
$
(85,595
)
 
$
(539,272
)
   Fixed charges
56,721

 
57,586

 
70,492

 
86,697

 
112,987

 Total earnings
$
18,230

 
$
(1,816
)
 
$
17,643

 
$
1,102

 
$
(426,285
)
 
 
 
 
 
 
 
 
 
 
 Fixed charges:
 
 
 
 
 
 
 
 
 
   Interest expense
$
54,858

 
$
55,579

 
$
68,333

 
$
84,204

 
$
109,527

   Implicit interest in rent expense
1,863

 
2,007

 
2,159

 
2,493

 
3,460

        Total fixed charges
$
56,721

 
$
57,586

 
$
70,492

 
$
86,697

 
$
112,987

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
0.32x

 
—

 
0.25x

 
0.01x

 
—



*
Earnings were insufficient to cover fixed charges by $38.5 million, $59.4 million, $52.8 million, $85.6 million, and $539.3 million for the years ended December 31, 2012, December 30, 2011, December 31, 2010, December 25, 2009 and December 26, 2008, respectively.