EX-12 2 d24654exv12.htm STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12
 

EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                                                   
    Quarter   For Years Ended
    Ended    
    March 31,   December 31,   December 31,   December 29,   December 30,   December 31,
    2005   2004   2003   2002   2001   2000
(In thousands)                        
Earnings (loss) from continuing operations before income taxes
  $ 34,378     $ 127,830     $ 47,745     $ (2,210 )   $ (187,039 )   $ (249,388 )
Add:
                                               
 
Interest on indebtedness
    8,898       34,227       39,324       43,774       47,250       55,191  
 
Amortization of debt expense
    273       1,098       1,741       1,542       1,766       907  
 
Portion of rents representative of the interest factor
    1,816       7,089       7,807       8,859       10,608       10,026  
Deduct:
                                               
 
Undistributed earnings from less-than-50-percent-owned entities
    (416 )     (1,055 )     (1,777 )     160       (90 )     (2,102 )
                                     
 
Earnings (as defined)
  $ 44,949     $ 169,189     $ 94,840     $ 52,125 (a)   $ (127,505 )(b)   $ (185,366 )(c)
                                     
Fixed charges:
                                               
 
Interest on indebtedness
    8,898       34,227       39,324       43,774       47,250       55,191  
 
Amortization of debt expense
    273       1,098       1,741       1,542       1,766       907  
 
Portion of rents representative of the interest factor
    1,816       7,089       7,807       8,859       10,608       10,026  
                                     
Total fixed charges
  $ 10,987     $ 42,414     $ 48,872     $ 54,175     $ 59,624     $ 66,124  
                                     
Ratio of earnings to fixed charges
    4.1 x     4.0 x     1.9 x     1.0 x(a)     (b)     (c)
                                     
 
(a) Earnings were insufficient to cover fixed charges for the year ended December 29, 2002 by $2,050.
 
(b) Earnings were insufficient to cover fixed charges for the year ended December 30, 2001 by $187,129.
 
(c) Earnings were insufficient to cover fixed charges for the year ended December 31, 2000 by $251,490.