EX-12 2 d230329dex12.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 (B)           Predecessor (B)  
     Fiscal Year
Ended
September 30,
2011		     Fiscal Year
Ended
October 1,
2010		     Fiscal Year
Ended
October 2,
2009		     Fiscal Year
Ended
October 3,
2008 (C)		     Period from
January 27,
2007 through
September 28,
2007		           Period from
September 30,
2006 through
January 26,
2007		  

Income (loss) from continuing operations before income taxes

    $ 121,949      $ 32,986      $ (23,721 )    $ 42,804      $ 15,973           $ 17,435   

Fixed charges, excluding capitalized interest

      501,175        509,344        540,999        576,645        412,256             67,221   

Undistributed earnings of less than 50% owned affiliates

      (24,523 )      (22,114 )      (16,549 )      (13,888 )      (11,801 )           (5,411 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

         

 

 

  

Earnings, as adjusted

    $ 598,601      $ 520,216      $ 500,729      $ 605,561      $ 416,428           $ 79,245   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

         

 

 

  

Interest expense

    $ 444,915      $ 451,828      $ 485,132      $ 517,334      $ 375,378           $ 49,435   

Portion of operating lease rentals representative of interest factor

      56,033        57,467        55,267        59,311        36,878             17,786   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

         

 

 

  

Fixed charges

    $ 500,948      $ 509,295      $ 540,399      $ 576,645      $ 412,256           $ 67,221   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

         

 

 

  

Ratio of earnings to fixed charges

      1.2 x      1.0 x      0.9 x      1.1 x      1.0 x           1.2 x 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

         

 

 

  

 

(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). Prior periods have been adjusted to reflect Galls, LLC, as a discontinued operation.
(B) The ratio of earnings to fixed charges are presented for two periods: Predecessor and Successor, which relate to the period preceding the going-private transaction and the period succeeding the going-private transaction, respectively. As a result of the Transaction and the related purchase accounting, the Predecessor and Successor ratios of earnings to fixed charges are not comparable.
(C) Fiscal 2008 was a 53 week year.