EX-12.1 17 file013.htm RATIO OF EARNINGS TO FIXED CHARGES

Exhibit 12.1

Fixed Charges


  Fiscal year ended Six Months
Ended
Fiscal year ended Nine months ended
(dollars in thousands) June 27,
1998
July 3,
1999
Jan 1,
2000
Dec 30,
2000
Dec 29,
2001
Dec 28,
2002
September 28,
2002
September 27,
2003
Earnings
Net income (loss) $ 71,374   $ 86,320   $ 3,776   $ (90,486 $ (87,302 $ (51,752 $ (33,250 $ (32,620
Loss (income) from joint ventures   946     274     277     (817   (767   (1,565   (1,472   (1,654
Fixed charges   18,345     19,509     15,237     138,215     116,599     93,146     72,430     88,336  
Amortization of capitalized interest   316     316     420     6,436     6,637     6,579     4,934     4,947  
Distributions from joint ventures               1,528     1,631     2,122     1,661     1,877  
Capitalized interest   (1,166   (804   (195   (2,282   (198   (148       (1,665
Earnings before fixed charges $ 89,815   $ 105,615   $ 19,515   $ 52,594   $ 36,600   $ 48,382   $ 44,303   $ 59,221  
Fixed charges                                                
Net interest expense $ 16,835   $ 18,305   $ 14,842   $ 135,085   $ 115,549   $ 92,150   $ 71,791   $ 86,035  
Capitalized interest   1,166     804     195     2,282     198     148         1,665  
Interest implicit in rentals   344     400     200     848     852     848     639     636  
Total fixed charges $ 18,345   $ 19,509   $ 15,237   $ 138,215   $ 116,599   $ 93,146   $ 72,430   $ 88,336  
Ratio of earnings to fixed charges   4.9   5.4   1.3                    
Deficiency of earnings to cover fixed charges $   $   $   $ 85,621   $ 79,999   $ 44,764   $ 28,127   $ 29,115