EX-12.1 52 d443350dex121.htm STATEMENTS RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statements re Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES

 

Our consolidated ratios of earnings to fixed charges for each of the periods indicated are as follows:

 

    Successor              Predecessor  
    39-Weeks
Ended
September 29,
2012
    Year Ended
December 31,
2011
    Year
Ended
January 1,
2011
    Year
Ended
January 2,
2010
    Year Ended
December 27,
2008
    26-Weeks
Ended
December 29,
2007
             26-Weeks
Ended July 3,
2007
 

Income (loss) from continuing operations before income taxes

  $ (0.4   $ (144.2   $ 2.6      $ (57.8   $ (119.9   $ (83.6         $ 120.5   

Interest capitalized during the period

    (1.2     (3.2     (2.1     (1.2     (5.4     (2.5           (1.7

Total fixed charges

    240.9        328.7        362.5        387.2        423.0        254.9              17.7   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

         

 

 

 

Adjusted earnings

  $ 239.3      $ 181.3      $ 363.0      $ 328.2      $ 297.7      $ 168.8            $ 136.5   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

         

 

 

 

Fixed Charges

                   

Interest (income) expense

  $ 227.3      $ 307.6      $ 341.7      $ 358.5      $ 387.8      $ 235.2            $ (0.4

Interest capitalized during the period

    1.2        3.2        2.1        1.2        5.4        2.5           

Interest portion of rent expense

    12.4        17.9        18.7        27.5        29.8        17.2              18.1   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

         

 

 

 

Total Fixed Charges

  $ 240.9      $ 328.7      $ 362.5      $ 387.2      $ 423.0      $ 254.9            $ 17.7   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

         

 

 

 

Ratio of earnings to fixed charges

    N/A        N/A        1.0        N/A        N/A        N/A              7.7   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

         

 

 

 

Coverage deficiency

  $ 1.6      $ 147.4        —        $ 59.0      $ 125.3      $ 86.1              —