Attached files
Ruby Tuesday, Inc |
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Unaudited Computation of Ratio of Consolidated Earnings to Fixed Charges |
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(Dollar Amounts in Millions) |
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Thirty-nine Weeks Ended |
Fiscal Year Ended |
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February 28, 2017 |
May 31, 2016 |
June 2, 2015 |
June 3, 2014 |
|
June 4, 2013 |
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Earnings before fixed charges: |
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Loss from continuing operations before income taxes |
$ |
(99.2) |
$ |
(52.9) |
$ |
(5.1) |
$ |
(69.6) |
$ |
(21.9) |
Less Capitalized interest |
0.6 |
0.6 |
0.5 |
0.5 |
|
0.5 |
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(98.6) |
(52.3) |
(4.6) |
(69.1) |
(21.4) |
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Fixed charges: |
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Interest expense |
14.6 |
21.8 |
22.8 |
25.0 |
26.7 |
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Interest portion of rent expense |
8.5 |
13.6 |
14.9 |
16.0 |
16.6 |
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|
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Total fixed charges |
23.1 |
35.4 |
37.7 |
41.0 |
43.3 |
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Adjusted earnings from continuing operations before income taxes available to cover fixed charges |
$ |
(75.5) |
$ |
(16.9) |
$ |
33.1 |
$ |
(28.1) |
$ |
21.9 |
Ratio of earnings to fixed charges |
(3.27) |
(0.48) |
0.88 |
(0.69) |
|
0.51 |
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Amount by which earnings were insufficient to cover fixed charges |
$ |
(98.6) |
$ |
(52.3) |
$ |
(4.6) |
$ |
(69.1) |
$ |
(21.4) |
* We are presenting the ratio above solely pursuant to the requirement set forth in Item 503 of Regulation S-K. The earnings and fixed charges in the above ratio are calculated using the definitions as set for by Regulation S-K. |