EX-12.1 4 dp95815_ex1201.htm EXHIBIT 12.1

Exhibit 12.1

 

CALCULATION OF CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES AND RATIOS OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

 

   For the 9 Months Ended  Fiscal Year Ended
   5/25/2018  2017  2016  2015  2014  2013
(in thousands)                  
Fixed Charges                              
Interest Expense  $12,189   $22,343   $22,702   $23,825   $23,387   $23,465 
Amortization of debt expenses and discounts   1,450    8,190    4,696    5,021    4,785    4,201 
Portion of rental expense which represents interest factor   511    815    1,118    1,475    1,603    1,451 
Total Fixed charges  $14,150   $31,347   $28,516   $30,321   $29,775   $29,117 
Earnings available for fixed charges                              
Pre-tax income (loss)  $105,001   $2,119   $(17,516)  $(39,802)  $(11,028)  $(46,843)
Add: Fixed charges   14,150    31,347    28,516    30,321    29,775    29,117 
Total Earnings available for fixed charges  $119,151   $33,466   $11,000   $(9,481)  $18,747   $(17,726)
Ratio of earnings to fixed charges   8.42    1.07    0.39*   —  *   0.63*   —  *

 

*For fiscal years 2016, 2015, 2014 and 2013, earnings were inadequate to cover fixed charges.