EX-12 7 l05216bexv12.htm EXHIBIT 12 COMPUTATION OF RATIO OF EARNINGS/FIXED Exhibit 12
 

EXHIBIT 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

                 
    Two Quarters Ended
    January 2,   December 27,
    2004   2002
    (In millions, except ratios)
Earnings:
                
Net Income
   $ 59.1     $ 36.2  
Plus: Income taxes
     22.9       18.7  
Fixed charges
     16.0       16.0  
Amortization of capitalized interest
     —       —  
Less: Interest capitalized during the period
     —       —  
Undistributed earnings in equity investments
     0.3       —  
 
                
 
   $ 97.7     $ 70.9  
 
                
 
                
Fixed Charges:
                
Interest expense
   $ 12.6     $ 12.3  
Plus: Interest capitalized during the period
     —       —  
Interest portion of rental expense
     3.4       3.7  
 
                
 
   $ 16.0     $ 16.0  
 
                
Ratio of Earnings to Fixed Charges
     6.11       4.43  

32