EX-12.1 6 ex12-1.htm EXHIBIT 12.1 (COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS FO FIXED CHARGES) ex12-1.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
 

February 28,

2017

May 31,

2016

June 2,

2015

June 3,

2014

 

June 4,

2013

Earnings before fixed charges:

                    

Loss from continuing operations before income taxes

$

   (99.2)

$

        (52.9)

$

          (5.1)

$

        (69.6)

$

           (21.9)
                     

Less Capitalized interest

  

       0.6 

  

            0.6

  

           0.5 

  

            0.5 

 

               0.5 
   

   (98.6)

  

        (52.3)

  

          (4.6)

  

        (69.1)

  

           (21.4)
                     

Fixed charges:

                    
                     

Interest expense

  

     14.6 

  

          21.8 

  

         22.8 

  

          25.0 

  

            26.7 
                     

Interest portion of rent expense

  

       8.5 

  

          13.6 

  

         14.9 

  

          16.0 

  

            16.6 
                 

 

  

Total fixed charges

  

     23.1 

  

          35.4 

  

         37.7 

  

          41.0 

  

            43.3 
                     

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

$

   (75.5)

$

        (16.9)

$

         33.1 

$

        (28.1)

$

            21.9 
                     

Ratio of earnings to fixed charges

  

   (3.27)

  

        (0.48)

  

         0.88 

  

        (0.69)

 

            0.51 
                     

Amount by which earnings were insufficient to cover fixed charges

$

   (98.6)

$

        (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.