EX-12 3 exhibit12_1.txt EXHIBIT 12.1 - BE FORM 10-K/A PERIOD ENDING 02-23-02 EXHIBIT 12.1 Computation of Ratio of Earnings to Fixed Charges (Unaudited) in millions
Fiscal Year Ended ------------- ------------- -------------- ------------ ------------- 2/23/2002 2/24/2001 2/26/2000 2/27/1999 2/28/1998 ------------- ------------- -------------- ------------ ------------- Earnings: (Loss) earnings before income taxes and extraordinary items $ (93.0) $ 22.5 $ (47.5) $ (79.5) $ 35.9 Fixed charges, excluding capitalized interest 68.5 60.4 57.4 46.8 27.3 ------- ------ ------- ------- ------ Earnings $ (24.5) $ 82.9 $ 9.9 $ (32.7) $ 63.2 ------- ------ ------- ------- ------ Fixed Charges: Interest expense $ 66.2 $ 57.9 $ 54.9 $ 44.8 $ 25.8 Capitalized interest - 0.3 1.5 2.1 0.5 Amortization of deferred debt issuance costs 2.3 2.5 2.5 2.0 1.5 ------- ------ ------- ------- ------ Total Fixed Charges $ 68.5 $ 60.7 $ 58.9 $ 48.9 $ 27.8 ------- ------ ------- ------- ------ Ratio of (loss) earnings to total fixed charges * 1.4 0.2 * 2.3 ======= ====== ======= ======= ======
Earnings were insufficient to cover fixed charges by $93.0 and $81.6 for the fiscal years ended February 23, 2002 and February 27, 1999, respectively.