EX-12 3 l16527aexv12.htm EXHIBIT 12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12
 

EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                 
    Quarter Ended  
    September 30,     October 1,  
    2005     2004  
    (In millions, except ratios)  
Earnings:
               
Net income
  $ 50.3     $ 40.1  
Plus: Income taxes
    29.3       18.8  
Fixed charges
    8.7       7.7  
Amortization of capitalized interest
           
Less: Interest capitalized during the period
           
Undistributed earnings in equity investments
           
 
           
 
  $ 88.3     $ 66.6  
 
           
Fixed Charges:
               
Interest expense
  $ 6.4     $ 6.0  
Plus: Interest capitalized during the period
           
Interest portion of rental expense
    2.3       1.7  
 
           
 
  $ 8.7     $ 7.7  
 
           
Ratio of Earnings to Fixed Charges
    10.15       8.65