EX-12 2 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)

 

    Successor          Predecessor  
   

Period from

January 27,
2007 through

September 28,
2007

        

Period from

September 30,
2006 through

January 26,
2007

    Fiscal Year Ended  
       

September 29,

2006

   

September 30,

2005

   

October 1,

2004

   

October 3,

2003(B)

 

Income from continuing operations before income taxes and cumulative effect of change in accounting principle

  $ 20,700         $ 19,863     $ 390,586     $ 453,173     $ 415,216     $ 409,553  

Fixed charges, excluding capitalized interest

    412,658           67,422       193,516       180,582       174,892       193,049  

Other, net

    (11,801 )         (5,411 )     (9,464 )     (10,127 )     (12,819 )     (12,811 )
                                                   

Earnings, as adjusted

  $ 421,557         $ 81,874     $ 574,638     $ 623,628     $ 577,289     $ 589,791  
                                                   

Interest expense

  $ 375,378         $ 49,435     $ 141,539     $ 130,890     $ 124,749     $ 144,649  

Portion of operating lease rentals representative of interest factor

    37,280           17,987       51,977       49,692       50,143       48,400  
                                                   

Fixed charges

  $ 412,658         $ 67,422     $ 193,516     $ 180,582     $ 174,892     $ 193,049  
                                                   

Ratio of earnings to fixed charges

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

(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.