EX-12.1 3 ex12_1.htm EXHIBIT 12.1 ex12_1.htm
 
 

 
                                   
Exhibit 12.1
 
     
FY 2009
   
FY 2009(a)
   
FY 2008
   
FY 2007
   
FY 2006
   
FY 2005
 
     
52 weeks
   
52 weeks
   
53 weeks
   
52 weeks
   
52 weeks
   
52 weeks
 
     
February 27, 2010
   
February 27, 2010
   
February 28, 2009
   
February 23, 2008
   
February 24, 2007
   
February 25, 2006
 
                                       
Earning (Loss) from Continuing Operations and Before Taxes
  $ (802,644 )   $ (802,644 )   $ (86,922 )   $ 92,170     $ (45,330 )   $ 676,390  
Fixed charges
    281,747       288,432       248,201       195,260       148,982       180,987  
Distributed income of equity investees
    -       -       -       -       6,858       4,708  
Share of pre-tax losses of equity investees for which charges arising from guarantees are included in fixed charges
    -       -       -       -       -       -  
 
Subtotal
    (520,897 )     (514,212 )     161,279       287,430       110,510       862,085  
 
Less
                                               
Interest capitalized
    -       -                       -       -  
Preferred dividend requirements and accretion
    -       6,685       -       -       -       -  
Undistributed Earnings Adjustment
    -       -       -       7,869       40,003       7,801  
        -       6,685       -       7,869       40,003       7,801  
 
Earnings ( as defined)
  $ (520,897 )   $ (520,897 )   $ 161,279     $ 279,561     $ 70,507     $ 854,284  
                                                   
Interest expensed
  $ 194,473     $ 194,473     $ 159,095     $ 115,182     $ 72,627     $ 92,248  
Estimate of the interest within rental expense
    87,274       87,274       89,106       80,078       76,355       88,739  
Preferred dividend requirements and accretion
    -       6,685       -       -       -       -  
 
Fixed Charges
  $ 281,747     $ 288,432     $ 248,201     $ 195,260     $ 148,982     $ 180,987  
                                                   
 
Earnings Deficiency
  $ 802,644     $ 809,329     $ 86,922             $ 78,475          
                                                   
 
Ratio Earning to Fixed Charges
                            1.4x               4.7x  
                                                   
 
(a) Includes Preferred dividend requirements and accretion