EX-12 13 y86871exv12.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES . . . EXHIBIT 12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
========================================================================================================= Predecessor Company | The Company -------------------------------------------------- | --------------------------------------------------- | Forty-six | Weeks Six Weeks | from May Fiscal Year from March | 7, 1999 Fiscal Year Fiscal Year Fiscal Year Ended 30, through | through Ended Ended Ended March 29, May 6, | March 27, March 26, March 25, March 31, (in thousands) 1999 1999 | 2000 2001 2002 2003 ----------------------------------------------------|---------------------------------------------------- Ratio of earnings to | fixed charges(1)........ 1.5x 1.4x | -- -- -- 1.9x =========================================================================================================
(1) The ratio of earnings to fixed charges has been computed by dividing earnings available for fixed charges (income (loss) before income taxes and extraordinary items plus fixed charges) by fixed charges (interest expense plus that portion of rental expense deemed to represent interest and amortization of deferred debt issuance costs). For fiscal years 2002 and 2001, and the period from May 7, 1999 through March 27, 2000, historical earnings were insufficient to cover fixed charges by $18.5 million, $8.4 million and $17.6 million, respectively.