EX-12.1 3 ex12-1.htm CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES ex12-1.htm

Ruby Tuesday, Inc
          
Unaudited Computation of Ratio of Consolidated Earnings to Fixed Charges
          
(Dollar Amounts in Millions)
          
           
 
  Fiscal Year Ended
 
   June 5,
2012
May 31,
2011
June 1,
2010
June 2,
2009
June 3,
2008
Earnings before fixed charges:
          
Income (loss) from continuing operations before income taxes
 $      (0.2)
 $      46.9
 $      57.8
 $     (42.9)
 $      23.7
           
Add equity in losses (deduct equity in earnings) of equity interest
 - 
           0.6
           0.3
             - 
           3.5
           
Distribution of earnings from equity investees
   - 
             - 
            - 
             - 
            - 
           
Less Capitalized interest
  0.5
           0.6
           0.6
            0.5
         (0.2)
   0.3
         48.1
         58.7
        (42.4)
         27.0
           
Fixed charges:
          
           
Interest expense
  19.8
         12.9
         17.3
          35.1
         33.6
           
Interest portion of rent expense
  15.8
         14.7
         14.0
          15.7
         16.4
           
Debt issuance amortization
  2.9
           1.6
           1.9
            1.9
           0.7
Total fixed charges
  38.5
         29.2
         33.2
          52.7
         50.7
           
Adjusted earnings from continuing operations before income taxes available to cover fixed charges
  $      38.8
 $      77.3
 $      91.9
 $      10.3
 $      77.7
           
Ratio of earnings to fixed charges
  1.01
         2.65
         2.77
          0.20
         1.53
           
Amount by which earnings were insufficient to cover fixed charges
  N/A
N/A
N/A
 $     (42.4)
N/A
           
           
           
* We are presenting the ratio above solely pursuant to the requirement set forth in Item 503 of Regulation S-K.  The earnings and fixed charges in the above ratio are calculated using the definitions as set for by Regulation S-K.