EX-12.1 3 v090225_ex12-1.htm
EXHIBIT 12.1
 
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratios)
 
   
Fiscal Year Ended August
 
   
2007
  
2006
  
2005
  
2004
  
2003
  
   
(52 weeks)
  
(52 weeks)
  
(52 weeks)
  
(52 weeks)
  
(52 weeks)
  
Earnings:
                      
Income before income taxes
  
$
936,150
  
$
902,036
  
$
873,221
  
$
905,902
  
$
833,007
  
Fixed charges
    
170,852
    
156,976
    
144,930
   
130,278
    
121,129
  
Less: Capitalized interest
    
(1,376
)
  
(1,985
)
  
(1,079
)
  
(813
)
  
(791
)
Adjusted earnings
  
$
1,105,626
  
$
1,057,027
  
$
1,017,072
  
$
1,035,367
  
$
953,345
  
                                 
Fixed charges:
                                
Gross interest expense
  
$
121,592
  
$
110,568
  
$
102,341
  
$
89,600
  
$
79,301
  
Amortization of debt expense
    
1,719
    
1,559
    
2,343
    
4,230
    
7,334
  
Interest portion of rent expense
    
47,541
    
44,849
    
40,246
   
36,448
   
34,494
  
Total fixed charges
  
$
170,852
  
$
156,976
  
$
144,930
 
$
130,278
  
$
121,129
  
                                 
Ratio of earnings to fixed charges
    
6.5
    
6.7
    
7.0
    
7.9
    
7.9