Attached files
| file | filename |
|---|---|
| EX-31.A - SECTION 302 CERTIFICATION OF CEO - DARDEN RESTAURANTS INC | ex31aq2fy16.htm |
| EX-32.A - SECTION 906 CERTIFICATION OF CEO - DARDEN RESTAURANTS INC | ex32aq2fy16.htm |
| EX-32.B - SECTION 906 CERTIFICATION OF CFO - DARDEN RESTAURANTS INC | ex32bq2fy16.htm |
| EX-31.B - SECTION 302 CERTIFICATION OF CFO - DARDEN RESTAURANTS INC | ex31bq2fy16.htm |
| EX-10.1 - AGREEMENT - DARDEN RESTAURANTS INC | ex101insignaresagrmt.htm |
| 10-Q - FORM 10-Q - DARDEN RESTAURANTS INC | q2fy1610-q.htm |
EXHIBIT 12
DARDEN RESTAURANTS, INC.
COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS TO FIXED CHARGES
(Dollar amounts in millions)
(Unaudited)
Three Months Ended | Six Months Ended | ||||||||||||||
November 29, 2015 | November 23, 2014 | November 29, 2015 | November 23, 2014 | ||||||||||||
Consolidated earnings from continuing operations before income taxes | $ | 24.4 | $ | (54.6 | ) | $ | 136.2 | $ | (98.3 | ) | |||||
Plus fixed charges: | |||||||||||||||
Gross interest expense (1) | 57.6 | 34.7 | 80.6 | 146.2 | |||||||||||
40% of restaurant and equipment minimum rent expense | 20.6 | 16.2 | 37.9 | 31.9 | |||||||||||
Total fixed charges | 78.2 | 50.9 | 118.5 | 178.1 | |||||||||||
Less capitalized interest | (0.1 | ) | (0.8 | ) | (0.4 | ) | (0.9 | ) | |||||||
Consolidated earnings from continuing operations before income taxes available to cover fixed charges | $ | 102.5 | $ | (4.5 | ) | $ | 254.3 | $ | 78.9 | ||||||
Ratio of consolidated earnings from continuing operations to fixed charges | 1.3 | (0.1 | ) | 2.1 | 0.4 | ||||||||||
(1) Gross interest expense includes interest recognized in connection with our unrecognized income tax benefits