EX-12 4 l15252aexv12.htm EX-12 STMT RE COMP OF RATIO OF EARNINGS TO FIXED CHARGES EX-12
 

Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                         
    Year Ended
     
    July 1,   July 2,   June 27,
    2005   2004   2003
             
    (In millions except ratios)
Earnings:
                        
Net Income
   $ 202.2     $ 132.8     $ 59.5  
Plus: Income Taxes
     96.2       62.6       30.6  
        Fixed Charges
     33.0       31.4       31.8  
        Amortization of Capitalized Interest
     —       —       —  
Less: Interest Capitalized During the Period
     —       —       —  
        Undistributed Earnings in Equity Investments
     —       —       —  
                   
    $ 331.4     $ 226.8     $ 121.9  
                   
Fixed Charges:
                        
Interest Expense
   $ 24.0     $ 24.5     $ 24.9  
Plus: Capitalized Interest
     —       —       —  
        Interest Portion of Rental Expense
     9.0       6.9       6.9  
                   
    $ 33.0     $ 31.4     $ 31.8  
                   
Ratio of Earnings to Fixed Charges
     10.04       7.22       3.83