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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Fiscal Year Ended
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May 31,
2011
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June 1,
2010
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June 2,
2009
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June 3,
2008
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June 5,
2007
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Earnings before fixed charges:
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Income (loss) from continuing operations before income taxes
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$ 46.9
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$ 57.8
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$ (42.9)
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$ 23.7
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$ 132.4
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Add equity in losses (deduct equity in earnings) of equity interest
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0.6
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0.3
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-
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3.5
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1.3
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Distribution of earnings from equity investees
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-
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-
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-
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-
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0.8
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Less Capitalized interest
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0.6
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0.6
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0.5
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(0.2)
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(1.0)
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48.1
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58.7
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(42.4)
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27.0
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133.5
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Fixed charges:
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Interest expense
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12.9
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17.3
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35.1
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33.6
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23.9
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Interest portion of rent expense
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14.7
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14.0
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15.7
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16.4
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13.8
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Debt issuance amortization
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1.6
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1.9
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1.9
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0.7
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0.4
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Total fixed charges
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29.2
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33.2
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52.7
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50.7
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38.1
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Adjusted earnings from continuing operations before income taxes available to cover fixed charges
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$ 77.3
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$ 91.9
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$ 10.3
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$ 77.7
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$ 171.6
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Ratio of earnings to fixed charges
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2.65
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2.77
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0.20
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1.53
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4.50
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Amount by which earnings were insufficient to cover fixed charges
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N/A
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N/A
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$ (42.4)
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N/A
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N/A
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* 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.
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