Attached files
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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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June 2,
2015
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June 3,
2014
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June 4,
2013
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June 5,
2012
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May 31,
2011
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Earnings before fixed charges:
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(Loss)/income from continuing operations before income taxes
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$ | (5.1 | ) | $ | (69.6 | ) | $ | (21.9 | ) | $ | (8.6 | ) | $ | 57.1 | ||
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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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Less Capitalized interest
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0.5 | 0.5 | 0.5 | 0.5 | 0.6 | |||||||||||
| (4.6 | ) | (69.1 | ) | (21.4 | ) | (8.1 | ) | 58.3 | ||||||||
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Fixed charges:
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Interest expense
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22.8 | 25.0 | 26.7 | 23.5 | 14.1 | |||||||||||
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Interest portion of rent expense
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14.9 | 16.0 | 16.6 | 15.8 | 14.7 | |||||||||||
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Total fixed charges
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37.7 | 41.0 | 43.3 | 39.3 | 28.8 | |||||||||||
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Adjusted earnings from continuing operations before income taxes available to cover fixed charges
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$ | 33.1 | $ | (28.1 | ) | $ | 21.9 | $ | 31.2 | $ | 87.1 | |||||
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Ratio of earnings to fixed charges
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0.88 | (0.69 | ) | 0.51 | 0.79 | 3.03 | ||||||||||
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Amount by which earnings were insufficient to cover fixed charges
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$ | (4.6 | ) | $ | (69.1 | ) | $ | (21.4 | ) | $ | (8.1 | ) | $ | 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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