EX-12.1 3 a2218441zex-12_1.htm EX-12.1
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Exhibit 12.1

Statement regarding computation of ratio of earnings to fixed charges

Ratio Of Earnings to Fixed Charges

 
   Nine Months Ended   Year Ended  
(In Thousands)
   December 28,
2013 		  December 29,
2012 		  March 30,
2013 		  March 31,
2012 		  April 2,
2011 		  April 3,
2010 		  March 28,
2009 		 

Fixed Charges

                                            

Interest Expensed

   $ 27,976   $ 27,976   $ 37,301   $ 37,301   $ 34,414   $ 21,816   $ 28,293  

Interest Capitalized

     —     —     —     —     —     —     —  

Amortized Premiums

     —     —     —     —     —     —     —  

Amortized Discounts

     12,144     11,877     15,880     15,545     13,921     3,892     4,789  

Amortization of Fair Value of Derivative at Inception

     43     43     58     58     58     58     73  

Capitalized Expenses Related to Indebtedness

     1,254     1,254     1,671     1,671     1,430     223     379  

Estimate of Interest within Rental Expense

     182     213     280     248     301     295     404  

Preference Security Dividend

     —     —     —     —     —     —     —  
                               
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Total Fixed Charges

   $ 41,599   $ 41,363   $ 55,190   $ 54,823   $ 50,124   $ 26,284   $ 33,938  
                               
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Earnings

                                            

+ Pretax Income from Continuing Operations

   $ 533,676   $ 408,681   $ 547,006   $ 597,051   $ 771,080   $ 421,765   $ 458,023  

+ Fixed Charges

     41,599     41,363     55,190     54,823     50,124     26,284     33,938  

+ Amortization of Capitalized Interest

     —     —     —     —     —     —     —  

+ Distributed Income of Equity Investee

     —     —     —     —     —     —     —  

+ Pretax Losses of Equity Investee

     —     —     —     —     —     —     —  

- Interest Capitalized

     —     —     —     —     —     —     —  

- Preference Securities Dividend of Consolidated Subsidiaries

     —     —     —     —     —     —     —  

- Minority Interest in Pretax Income of Subsidiaries          

     —     —     —     —     —     —     —  
                               
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Total Earnings

   $ 575,275   $ 450,044   $ 602,196   $ 651,874   $ 821,204   $ 448,049   $ 491,961  
                               
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Earnings to Fixed Charges Ratio

     13.8     10.9     10.9     11.9     16.4     17.0     14.5  
                               
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Statement regarding computation of ratio of earnings to fixed charges
Ratio Of Earnings to Fixed Charges