Attached files
EXHIBIT 12
STATEMENT REGARDING COMPUTATION OF RATIOS
Ratio of Earnings to Fixed Charges
The following table sets forth our consolidated ratios of earnings to fixed charges for the periods indicated:
09/25/09 | 09/25/08 | 09/25/07 | 09/25/06 | 09/25/05 | ||||||||||||||||
Earnings |
||||||||||||||||||||
Income (loss) before income taxes |
$ | (13,372,623 | ) | $ | (10,669,231 | ) | $ | (2,682,314 | ) | $ | 823,078 | $ | (611,423 | ) | ||||||
Fixed charges |
8,624,927 | 9,258,423 | 8,984,147 | 8,350,723 | 7,311,352 | |||||||||||||||
Earnings |
$ | (4,747,696 | ) | $ | (1,410,808 | ) | $ | 6,301,833 | $ | 9,173,801 | $ | 6,699,929 | ||||||||
Fixed charges |
||||||||||||||||||||
Interest expense |
$ | 7,611,185 | $ | 8,275,310 | $ | 8,025,969 | $ | 7,349,884 | $ | 6,354,744 | ||||||||||
Estimated interest within rental expense |
1,013,742 | 983,113 | 958,178 | 1,000,839 | 956,608 | |||||||||||||||
Fixed charges |
$ | 8,624,927 | $ | 9,258,423 | $ | 8,984,147 | $ | 8,350,723 | $ | 7,311,352 | ||||||||||
Ratio of earnings to fixed charges |
(1) | (1) | (1) | (1) | (1) | |||||||||||||||
(1) | Calculation results in a deficiency in the ratio (i.e., less than one-to-one coverage). The deficiency in earnings to cover fixed charges was $13,372,623; $10,669,231; $2,682,314; and $611,423 for the years ended September 25, 2009, 2008, 2007, and 2005, respectively. |