EX-12.1 6 d98053exv12w1.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12.1
FISCAL YEAR ENDED THE LAST SATURDAY IN DECEMBER 16 WEEKS ENDED 1997 1998 1999 2000 2001 APRIL 21, 2001 APRIL 20, 2002 --------- --------- --------- --------- --------- -------------- -------------- (IN THOUSANDS OF DOLLARS) Earnings: Pretax income $ 82,685 $(598,202) $ (62,581) $(200,889) $ 62,799 $ 27,209 $ 41,220 Fixed charges, net 197,923 195,956 193,263 198,413 184,166 62,290 57,132 --------- --------- --------- --------- --------- --------- --------- Total earnings $ 280,608 $(402,246) $ 130,682 $ (2,476) $ 246,965 $ 89,499 $ 98,352 Fixed charges: Interest expense $ 162,506 $ 161,581 $ 165,180 $ 174,569 $ 165,534 $ 57,502 $ 50,413 Portion of rental charges deemed to be interest 35,050 33,948 27,626 23,331 18,134 4,604 6,282 Capitalized interest and debt issuance cost amortization 1,186 604 1,117 2,051 7,950 409 2,990 --------- --------- --------- --------- --------- --------- --------- Total fixed charges $ 198,742 $ 196,133 $ 193,923 $ 199,951 $ 191,618 $ 62,515 $ 59,685 Deficiency $ 598,379 $ 63,241 $ 202,427 Ratio of earnings to fixed charges 1.41 (2.05) 0.67 (0.01) 1.29 1.43 1.65
FISCAL YEAR ENDED THE LAST SATURDAY IN DECEMBER 1999 2000 2001 -------- -------- -------- (IN THOUSANDS OF DOLLARS) Total adjusted earnings $261,757 $306,279 $341,071 Total fixed charges $193,923 $199,951 $191,618 Adjusted ratio of earnings to fixed charges 1.35 1.53 1.78