EX-12.1 8 ex12-1.htm COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS TO FIXED CHARGES

Ruby Tuesday, Inc

                   

Unaudited Computation of Ratio of Consolidated Earnings to Fixed Charges

                   

(Dollar Amounts in Millions)

                   
                     
                     
 

Thirteen Weeks Ended

Fiscal Year Ended

 
 

August 30, 2016

May 1, 2016

June 2, 2015

 

June 3, 2014

 

June 4, 2013

 

Earnings before fixed charges:

                     

Loss from continuing operations before income taxes

$

        (41.4)

$

        (52.9)

$

             (5.1)

$

           (69.6)

$

           (21.9)

 
                       

Less Capitalized interest

 

            0.

 

            0.6

 

               0.5

 

               0.5

 

               0.5

 
   

        (41.2)

 

        (52.3)

 

             (4.6)

 

           (69.1)

 

           (21.4)

 
                       

Fixed charges:

                     
                       

Interest expense

 

 4.9 

 

         21.8

 

            22.8

 

            25.0

 

            26.7

 
                       

Interest portion of rent expense

 

 3.2 

 

         13.6

 

            14.9

 

            16.0

 

            16.6

 
 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

 8.1 

 

         35.4

 

            37.7

 

            41.0

 

            43.3

 
                       

Adjusted earnings from continuing operations before income taxes available to cover fixed charges

$

        (33.1)

$

        (16.9)

$

            33.1

$

           (28.1)

$

            21.9

 
                       

Ratio of earnings to fixed charges

 

        (4.09)

 

        (0.48)

 

            0.88

 

           (0.69)

 

            0.51

 
                       

Amount by which earnings were insufficient to cover fixed charges

$

        (41.2)

$

        (52.3)

$

             (4.6)

$

           (69.1)

$

           (21.4)

 
                       

* 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.