EX-12.1 3 v054826_ex12-1.htm
EXHIBIT 12.1

Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratios)

   
Fiscal Year Ended August
 
   
2006
  
2005
  
2004
  
2003
  
2002
  
   
(52 weeks)
  
(52 weeks)
  
(52 weeks)
  
(52 weeks)
  
(53 weeks)
  
Earnings:
                      
Income before income taxes
  
$
902,036
  
$
873,221
  
$
905,902
  
$
833,007
  
$
691,148
  
Fixed charges
    
156,976
    
144,930
   
130,278
    
121,129
    
98,688
 
Less: Capitalized interest
    
(1,985
)
  
(1,079
)
  
(813
)
  
(791
)
  
(437
)
Adjusted earnings
  
$
1,057,027
  
$
1,017,072
  
$
1,035,367
  
$
953,345
  
$
789,399
  
                                 
Fixed charges:
                                
Gross interest expense
  
$
110,568
  
$
102,341
  
$
89,600
  
$
79,301
  
$
78,183
  
Amortization of debt expense
    
1,559
    
2,343
    
4,230
    
7,334
    
2,283
 
Interest portion of rent expense
    
44,849
    
40,246
   
36,448
   
34,494
    
18,222
 
Total fixed charges
  
$
156,976
  
$
144,930
 
$
130,278
  
$
121,129
  
$
98,688
 
                                 
Ratio of earnings to fixed charges
    
6.7
    
7.0
    
7.9
    
7.9
    
8.0