EX-12.1 2 v096835_ex12-1.htm Unassociated Document
Exhibit 12.1
 
    
Twelve Weeks Ended
  
 
    
November 17,
    
November 18,
  
Earnings
    
2007
    
2006
  
Income before income taxes
  
$
209,313
  
$
195,903
  
Fixed charges
    
39,854
   
37,945
 
Less: Capitalized interest
    
(287
)
  
(331
)
Adjusted earnings
  
$
248,880
  
$
233,517
  
               
Fixed charges
              
Gross interest expense
  
$
28,635
  
$
27,613
  
Amortization of debt expense
    
415
   
409
 
Interest portion of rent expense
    
10,804
   
9,923
 
Total fixed charges
  
$
39,854
  
$
37,945
  
               
Ratio of earnings to fixed charges
    
6.2
   
6.2
 
 
 
 
 
    
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