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)

(Unaudited)

(In thousands)

 

    Successor          Predecessor  
    Fiscal Year
Ended
October 2,
2009
    Fiscal Year
Ended
October 3,
2008 (B)
    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
 

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

  $ (34,776   $ 51,446      $ 20,700          $ 19,863      $ 390,586      $ 453,173   

Fixed charges, excluding capitalized interest

    541,756        577,262        412,658            67,422        193,516        180,582   

Undistributed earnings of less than 50% owned affiliates

    (16,549     (13,888     (11,801         (5,411     (9,464     (10,127
                                                   

Earnings, as adjusted

  $ 490,431      $ 614,820      $ 421,557          $ 81,874      $ 574,638      $ 623,628   
                                                   

Interest expense

  $ 485,132      $ 517,334      $ 375,378          $ 49,435      $ 141,539      $ 130,890   

Portion of operating lease rentals representative of interest factor

    56,024        59,928        37,280            17,987        51,977        49,692   
                                                   

Fixed charges

  $ 541,156      $ 577,262      $ 412,658          $ 67,422      $ 193,516      $ 180,582   
                                                   

Ratio of earnings to fixed charges

    0.9     1.1     1.0         1.2     3.0     3.5
                                                   

 

(A) For the purpose of determining the ratio of earnings to fixed charges, earnings include pretax income (loss) 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 2008 was a 53 week year.