EX-12.1 5 ex_12-1.htm COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES ex_12-1.htm
Ruby Tuesday, Inc
                        
Unaudited Computation of Ratio of Consolidated Earnings to Fixed Charges
                        
(Dollar Amounts in Millions)
                        
                         
                         
 
Thirty-nine
Weeks Ended
 
Fiscal Year Ended
 
March 3,
    June 3,
 
  June 4,    June 5,
 
  May 31,  
June 1,
   2015    2014    2013    2012    2011    2010
Earnings before fixed charges:
                        
(Loss)/income from continuing operations before income taxes
$
         (10.8)
$
       (69.6)
$
       (21.9)
$
          (8.6)
$
         57.1
$
          58.6
                         
Add equity in losses (deduct equity in earnings) of equity interest
  
            - 
  
            -
  
            -
  
              -
  
           0.6
  
            0.3
                         
Less Capitalized interest
  
           0.3 
  
           0.5
  
           0.5
  
           0.5
  
           0.6
  
            0.6
   
           (10.5)
  
       (69.1)
  
       (21.4)
  
          (8.1)
  
         58.3
  
          59.5
                         
Fixed charges:
                        
                         
Interest expense
  
           16.8 
  
         25.0
  
         26.7
  
         23.5
  
         14.1
  
          18.0
                         
Interest portion of rent expense
  
           11.3 
  
         16.0
  
         16.6
  
         15.8
  
         14.7
  
          14.0
                         
Total fixed charges
  
           28.1 
  
         41.0
  
         43.3
  
         39.3
  
         28.8
  
          32.0
                         
Adjusted earnings from continuing operations before income taxes available to cover fixed charges
 $
           17.6 
 $
       (28.1)
 $
         21.9
$
         31.2
 $
         87.1
 $
          91.5
                         
Ratio of earnings to fixed charges
  
         .63 
  
       (0.69)
  
         0.51
  
         0.79
  
         3.03
  
          2.86
                         
Amount by which earnings were insufficient to cover fixed charges
  
(10.5)
  
       (69.1)
 $
       (21.4)
  
          (8.1)
  
N/A
  
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.