EX-12.1 3 d317285dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES. Computation of Ratio of Earnings to Fixed Charges.

Exhibit 12.1

Computation of Ratio of Earning to Fixed Charges

 

(In thousands, except ratio)    Years Ended  
     December 25,
2011
    December 26,
2010
    December 27,
2009
    December 28,
2008
    December 30,
2007
 

Pretax income from continuing operations less income/loss from equity investments

   $ (63,166   $ 2,843      $ (73,933   $ (910,326   $ 46,981   

Fixed charges

     66,516        72,785        43,673        45,428        61,584   

Amortization of capitalized interest

     226        149        40        37        142   

Less: Capitalized interest

     (450     (44     (214     (332     (1,378
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings

   $ 3,126      $ 75,733      $ (30,434   $ (865,193   $ 107,329   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Interest expensed and capitalized (including amortization of premiums/discounts)

   $ 64,858      $ 71,097      $ 41,978      $ 43,449      $ 59,577   

Interest portion of rental expense

     1,658        1,688        1,695        1,979        2,007   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed Charges

   $ 66,516      $ 72,785      $ 43,673      $ 45,428      $ 61,584   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of Earnings to Fixed Charges

     0.05        1.04        *     *     1.74   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

** Earnings do not cover fixed charges by $74 million and $911 million for the fiscal years ended December 27, 2009, and December 28, 2008, respectively, due to non-cash impairment charges of $84.2 million and $912 million in the respective periods.