EX-12.1 7 ex12-1.htm COMPUTATION OF RATIO OF CONSOLIDATED 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 6, 2017

May 31, 2016

June 2, 2015

 

June 3, 2014

 

June 4, 2013

  

Earnings before fixed charges:

                      

Loss from continuing operations before income taxes

$

        (107.9)

$

        (52.9)

$

             (5.1)

$

           (69.6)

$

           (21.9)

  

Less Capitalized interest

 

 0.9 

 

            0.6

 

               0.5

 

               0.5

 

               0.5

  
   

        (107.0)

  

        (52.3)

  

             (4.6)

  

           (69.1)

  

           (21.4)

  
                       

Fixed charges:

                      
                       

Interest expense

  

 20.9

  

         21.8

  

            22.8

  

            25.0

  

            26.7

  
                       

Interest portion of rent expense

  

 10.9

  

         13.6

  

            14.9

  

            16.0

  

            16.6

  
 

 

 

 

 

 

 

 

 

 

 

  

Total fixed charges

  

 31.8

  

         35.4

  

            37.7

  

            41.0

  

            43.3

  
                       

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

$

        (75.2)

$

        (16.9)

$

            33.1

$

           (28.1)

$

            21.9

  
                       

Ratio of earnings to fixed charges

 

        (2.36)

 

        (0.48)

 

            0.88

 

           (0.69)

 

            0.51

  
                       

Amount by which earnings were insufficient to cover fixed charges

$

        (107.0)

$

        (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.