EX-12 3 ex12.htm STATEMENT RE COMPUTATION OF RATIOS

Exhibit 12

Statement re computation of ratios

Three Months Ended

Fiscal Years Ended

4/30/2003

4/30/2002

2003

2002

2001

2000

1999

Income before income
  taxes

2,878 

2,537 

   

12,368 

10,396 

9,793 

9,110 

7,020 

Capitalized interest

(31)

(33)

(124)

(130)

(93)

(57)

(41)

Minority interest

(42)

(41)

(193)

(183)

(129)

(170)

(153)

Adjusted profit before
  tax

2,805 

2,463 

12,051 

10,083 

9,571 

8,883*

6,826 

   
Fixed Charges
Debt interest

175 

223 


799 

1,080 

1,103 

777 

517 

Capital lease interest

75 

65 

260 

274 

279 

266 

268 

Capitalized interest

31 

33 

124 

130 

93 

57 

41 

Interest component of
  rent

21 

22 

81 

80 

84 

85 

85 

Total fixed expense

302 

342 

1,264 

1,564 

1,559 

1,185 

911 

  
Profit before taxes and
  fixed expenses

3,107 

2,806 

13,315 

11,647 

11,130 

10,068 

7,737 

   
Fixed charge coverage

10.28 

8.20 

10.54 

7.44 

7.14 

8.50 

8.49 

   
   
* Does not include the cumulative effect of accounting change recorded by the
  Company in Fiscal 2000
   
Certain reclassifications have been made to prior periods to conform to current presentations. In addition, the impacts of McLane as a discontinued operation have been removed effective for all periods presented.