EXHIBIT 12
ARAMARK CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (A)
(In thousands)
Fiscal Year Ended |
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September 29, 2000 |
September 28, 2001 |
September 27, 2002 |
October 3, 2003 (B) |
October 1, 2004 |
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Income from continuing operations before income taxes and minority interest |
$ | 238,326 | $ | 262,248 | $ | 393,149 | $ | 409,553 | $ | 415,216 | ||||||||||
Fixed charges, excluding capitalized interest |
186,976 | 199,225 | 182,112 | 193,049 | 174,892 | |||||||||||||||
Other, net |
(3,359 | ) | (4,433 | ) | (7,810 | ) | (12,811 | ) | (12,819 | ) | ||||||||||
Earnings, as adjusted |
$ | 421,943 | $ | 457,040 | $ | 567,451 | $ | 589,791 | $ | 577,289 | ||||||||||
Interest expense |
$ | 148,260 | $ | 156,234 | $ | 137,532 | $ | 144,649 | $ | 124,749 | ||||||||||
Portion of operating lease rentals representative of interest factor |
38,716 | 42,991 | 44,580 | 48,400 | 50,143 | |||||||||||||||
Fixed charges |
$ | 186,976 | $ | 199,225 | $ | 182,112 | $ | 193,049 | $ | 174,892 | ||||||||||
Ratio of earnings to fixed charges |
2.3 | x | 2.3 | x | 3.1 | x | 3.1 | x | 3.3 | x | ||||||||||
(A) | For the purpose of determining the ratio of earnings to fixed charges, earnings include pre-tax income from continuing operations plus fixed charges (excluding capitalized interest). Fixed charges consist of interest on all indebtedness (including capitalized interest) plus that portion of operating lease rentals representative of the interest factor (deemed to be one-third of operating lease rentals). |
(B) | Fiscal 2003 was a 53 week year. |