EX-12 235 dex12.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

EXHIBIT 12

ARAMARK Corporation and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges (A)

(In thousands)

 

    Predecessor     Successor  
    Fiscal Year Ended    

Period from
September 30, 2006

through

January 26, 2007

   

Period from

January 27, 2007

through

March 30, 2007

 
    September 27,
2002
    October 3,
2003(B)
    October 1,
2004
    September 30,
2005
    September 29,
2006
     
                                  (unaudited)     (unaudited)  

Income from continuing operations before income taxes

  $ 393,149     $ 409,553     $ 415,216     $ 453,173     $ 390,586     $ 19,863     $ 4,733  

Fixed charges, excluding capitalized interest

    182,112       193,049       174,892       180,582       193,516       67,422       116,736  

Other, net

    (7,810 )     (12,811 )     (12,819 )     (10,127 )     (9,464 )     (5,411 )     (1,357 )
                                                       

Earnings, as adjusted

  $ 567,451     $ 589,791     $ 577,289     $ 623,628     $ 574,638     $ 81,874     $ 120,112  
                                                       

Interest expense

  $ 137,532     $ 144,649     $ 124,749     $ 130,890     $ 141,539     $ 49,435     $ 107,721  

Portion of operating lease rentals representative of interest factor

    44,580       48,400       50,143       49,692       51,977       17,987       9,015  
                                                       

Fixed charges

  $ 182,112     $ 193,049     $ 174,892     $ 180,582     $ 193,516     $ 67,422     $ 116,736  
                                                       

Ratio of earnings to fixed charges

    3.1x       3.1x       3.3x       3.5x       3.0x       1.2x       1.0x  
                                                       

(A) For the purpose of determining the ratio of earnings to fixed charges, earnings include pre-tax income from continuing operations plus fixed charges (excluding capitalized interest). Fixed charges consist of interest on all indebtedness (including capitalized interest) plus that portion of operating lease rentals representative of the interest factor (deemed to be one-third of operating lease rentals).
(B) Fiscal 2003 was a 53 week year.