EX-12 3 l07044aexv12.htm EX-12 COMPUTATION: RATIO OF EARNINGS:FIXED CHARGE EX-12 Computation: Ratio of Earnings:Fixed Charge
 

EXHIBIT 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

                 
    Three Quarters Ended
    April 2,   March 28,
    2004   2003
    (In millions, except ratios)
Earnings:
                
Net Income
   $ 94.6     $ 58.8  
Plus: Income taxes
     39.6       30.3  
Fixed charges
     23.6       24.3  
Amortization of capitalized interest
     —       —  
Less: Interest capitalized during the period
     —       —  
Undistributed earnings in equity investments
     0.2       —  
 
                
 
   $ 157.6     $ 113.4  
 
                
 
                
Fixed Charges:
                
Interest expense
   $ 18.5     $ 18.8  
Plus: Interest capitalized during the period
     —       —  
Interest portion of rental expense
     5.1       5.5  
 
                
 
   $ 23.6     $ 24.3  
 
                
Ratio of Earnings to Fixed Charges
     6.68       4.67  

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