DARDEN RESTAURANTS INC - FORM 10-Q - EX-12 - COMPUTATION OF RAIO OF CONSOLIDATED EARNINGS TO FIXED CHARGES - April 4, 2011

Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - DARDEN RESTAURANTS INCFinancial_Report.xls
10-Q - FORM 10-Q - DARDEN RESTAURANTS INCd10q.htm
EX-10 - AMENDED AND RESTATED DARDEN RESTAURANTS, INC. BENEFITS TRUST AGREEMENT - DARDEN RESTAURANTS INCdex10.htm
EX-31.(A) - SECTION 302 CERTIFICATION OF CEO - DARDEN RESTAURANTS INCdex31a.htm
EX-32.(B) - SECTION 906 CERTIFICATION OF CFO - DARDEN RESTAURANTS INCdex32b.htm
EX-32.(A) - SECTION 906 CERTIFICATION OF CEO - DARDEN RESTAURANTS INCdex32a.htm
EX-31.(B) - SECTION 302 CERTIFICATION OF CFO - DARDEN RESTAURANTS INCdex31b.htm

Exhibit 12

DARDEN RESTAURANTS, INC.

COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS TO FIXED CHARGES

(Dollar amounts in millions)

(Unaudited)

 

     Quarter Ended     Nine Months Ended  
     February 27,
2011		     February 28,
2010		     February 27,
2011		     February 28,
2010		  

Consolidated earnings from continuing operations before income taxes

    $ 199.1      $ 175.4      $ 461.3      $ 386.4   

Plus fixed charges:

         

Gross interest expense(1)

      25.0        22.5        75.0        73.8   

40% of restaurant and equipment minimum rent expense

      12.2        11.3        35.8        33.2   
                                

Total fixed charges

      37.2        33.8        110.8        107.0   

Less capitalized interest

      (0.8 )      (1.2 )      (2.2 )      (3.8 ) 
                                

Consolidated earnings from continuing operations before income taxes available to cover fixed charges

    $ 235.5      $ 208.0      $ 569.9      $ 489.6   
                                

Ratio of consolidated earnings from continuing operations to fixed charges

      6.3        6.2        5.1        4.6   

 

(1) Gross interest expense includes interest recognized in connection with our unrecognized income tax benefits.

 

32

DARDEN RESTAURANTS INC Reports