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 |
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| (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 |
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| 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. |