EX-12 2 j1233801exv12.htm EXHIBIT 12 Exhibit 12
 

Exhibit 12

Calculation of Ratio of Earnings to Fixed Charges
(in thousands)

                                                         
          Years Ended July 31,           Six Months Ended  
                                  January 25,     January 30,  
    2000     2001     2002     2003     2004     2004     2005 (1)  
     
Earnings
                                                        
Income (loss) before cumulative effect of change in accounting principle
   $ 60,507     $ 34,206     $ 12,878     $ 12,392     $ 26,649     $ 2,691       ($1,245 )
Income tax provision (benefit)
     35,536       20,091       6,343       2,635       15,232       1,594       (823 )
     
Earnings (loss)
     96,043       54,297       19,221       15,027       41,881       4,285       (2,068 )
     
 
                                                        
Fixed Charges
                                                        
Interest expense
     21,169       22,195       16,255       27,985       38,098       19,424       17,318  
Portion of rental expense representative of interest factor
     1,113       2,082       3,030       3,034       3,264       1,651       1,827  
     
Fixed charges
     22,282       24,277       19,285       31,019       41,362       21,075       19,145  
     
 
                                                        
Capitalized interest
     (580 )     ¾       ¾       ¾       ¾       ¾       ¾  
     
 
                                                        
Earnings before income tax provision and fixed charges
   $ 117,745     $ 78,574     $ 38,506     $ 46,046     $ 83,243     $ 25,360     $ 17,077  
     
 
                                                        
Ratio of earnings to fixed charges
     5.3 x     3.2 x     2.0 x     1.5 x     2.0 x     1.2 x     ¾  
     

(1)   For the six months ended January 30, 2005, earnings were insufficient to cover fixed charges.