EX-12.1 3 dex121.htm STATEMENT OF COMPUTATION OF RATIO OF EARNING TO FIXED CHARGES

Statement of Computation of Ratio of Earning to Fixed Charges

Exhibit 12.1

STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

		Fiscal Years Ended(1)																				Six Months Ended(2)
		Sept. 25, 2004				Sept. 25, 2005				Sept. 30, 2006				Sept. 29, 2007				Sept. 27, 2008				March 29, 2008				March 28, 2009
						(in thousands of dollars)
Earnings
Net income		$	28,752			$	26,570			$	42,582			$	58,638			$	52,123			$	25,688			$	18,900
Fixed charges (from below)			67,504				63,883				61,082				58,373				59,791				29,171				32,326
Less capitalized interest			(754	)			(945	)			(874	)			(1,989	)			(4,597	)			(1,639	)			(1,971	)
Income tax expense			17,287				16,300				25,499				31,211				27,560				16,032				11,442
Amortization of capitalized interest			966				998				1,027				1,093				1,246				585				656
		$	113,755			$	106,806			$	129,316			$	147,326			$	136,123			$	69,837			$	61,353
Fixed Charges
Interest expense		$	53,739			$	50,921			$	49,783			$	46,675			$	46,886			$	23,140			$	26,096
Capitalized interest			754				945				874				1,989				4,597				1,639				1,971
Loan cost amortization expense			1,354				1,325				1,309				1,286				1,320				638				781
Estimate of interest within rent expense			11,657				10,692				9,116				8,423				6,988				3,754				3,478
		$	67,504			$	63,883			$	61,082			$	58,373			$	59,791			$	29,171			$	32,326
Ratio of earnings to fixed charges			1.69				1.67				2.12				2.52				2.28				2.39				1.90

(1) Fiscal year 2006 was a 53-week year, whereas fiscal years 2004, 2005, 2007 and 2008 were 52-week years.

(2) The six month periods ended March 29, 2008 and March 28, 2009, respectively, each consist of 26 weeks.