EX-12 3 a2193669zex-12.htm EXHIBIT 12

EXHIBIT 12

 

STATEMENT RE: COMPUTATION OF HISTORICAL

RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

April 26,
2009

 

April 27,
2008

 

April 29,
2007

 

April 30,
2006

 

April 25,
2005

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations before minority interest

 

$

59.4

 

$

(33.2

)

$

(11.2

)

$

32.8

 

$

30.9

 

Add: Fixed charges

 

103.6

 

119.9

 

104.8

 

87.6

 

76.9

 

Less: Capitalized interest

 

(1.0

)

(2.4

)

(6.5

)

(3.5

)

(3.0

)

Earnings

 

$

162.0

 

$

84.3

 

$

87.1

 

$

116.9

 

$

104.8

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

92.1

 

$

106.8

 

$

88.1

 

$

75.2

 

$

64.6

 

Capitalized interest

 

1.0

 

2.4

 

6.5

 

3.5

 

3.0

 

Interest portion of rental expense

 

10.5

 

10.7

 

10.2

 

8.9

 

9.3

 

Fixed charges

 

$

103.6

 

$

119.9

 

$

104.8

 

$

87.6

 

$

76.9

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

1.6

x

0.7

x

0.8

x

1.3

x

1.4

x