EX-12 2 a06-19368_1ex12.htm EX-12

Exhibit 12

COMPUTATION OF RATIO OF EARNINGS

TO FIXED CHARGES

(dollars in thousands, except ratios)

 

 

 

 

 

 

 

 

 

 

 

145 Day Period 
from
March 8, 2006
to July 30, 2006

 

 

37 Day Period from
January 30, 2006
to March 7, 2006

 

Twenty-six 
weekend ended 
July 31, 2005

 

 

 

(Successor)

 

 

(Predecessor)

 

(Predecessor)

 

 

 

 

 

 

 

 

 

 

Income before provision for income taxes

 

$

(9,248

)

 

$

908

 

$

5,207

 

Add: Total fixed charges (per below)

 

17,018

 

 

1,832

 

9,477

 

Less: Capitalized interest

 

80

 

 

70

 

93

 

Total income before provision for income taxes, plus fixed charges, less capitalized interest

 

7,690

 

 

2,670

 

14,591

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

Interest expense (1)

 

10,578

 

 

688

 

3,682

 

Bridge funding fee

 

1,313

 

 

 

 

 

 

Capitalized interest

 

80

 

 

70

 

93

 

Estimate of interest included in rental expense (2)

 

5,047

 

 

1,074

 

5,702

 

Total fixed charges

 

$

17,018

 

 

$

1,832

 

$

9,477

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges (3)

 

0.45

x

 

1.46

x

1.54

x

 

 

 

 

 

 

 

 

 

 

(1)          Interest expense includes interest in association with debt and amortization of debt issuance costs.

(2)          Fixed charges include our estimate of interest included in rental payments (one-third of rent expense under operating leases.

(3)          Earnings for the 145 day period ended July 30, 2006 (Successor) were insufficient to cover the fixed charges by $9,328.