EX-12 6 ex12.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12.1 Computation of Ratio of Earnings to Fixed Charges (Unaudited) (In millions)
Ten-Month Transition Period Fiscal Year Ended Ended ---------------------------------------------------------------- 12/31/2002 2/23/2002 2/24/2001 2/26/2000 2/27/1999 --------------- --------------- ---------------- --------------- --------------- Earnings: (Loss) earnings before income taxes and extraordinary items $ (68.1) $ (93.0) $ 22.5 $(47.5) $ (79.5) Fixed charges, excluding capitalized interest 60.7 68.5 60.4 57.4 46.8 ------- ------- ------ ------ ------- Total (loss) earnings $ (7.4) $ (24.5) $ 82.9 $ 9.9 $ (32.7) ------- ------- ------ ------ ------- Fixed Charges: Interest expense $ 58.5 $ 66.2 $ 57.9 $ 54.9 $ 44.8 Capitalized interest -- -- 0.3 1.5 2.1 Amortization of deferred debt issuance costs 2.2 2.3 2.5 2.5 2.0 ------- ------- ------ ------ ------- Total fixed charges $ 60.7 $ 68.5 $ 60.7 $ 58.9 $ 48.9 ------- ------- ------ ------ ------- Ratio of (loss) earnings to total fixed charges * * 1.4 0.2 * ======= ======= ====== ====== =======
* Earnings were insufficient to cover fixed charges by $68.1, $93.0 and $81.6 for the transition period ended December 31, 2002 and for the fiscal years ended February 23, 2002 and February 27, 1999, respectively.