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Previous: WEIGHT WATCHERS INTERNATIONAL INC, 10-K405, EX-10.22, 2000-07-28 |
Next: WEIGHT WATCHERS INTERNATIONAL INC, 10-K405, EX-12.2, 2000-07-28 |
<PAGE> 1
Exhibit 12.1
Ratio of Earnings to Fixed Charges
Earnings:
<TABLE>
<CAPTION>
FISCAL YEAR ENDED
------------------------------------------------------------------------
APRIL 27, APRIL 26, APRIL 25, APRIL 24, APRIL 29,
1996 1997 1998 1999 2000
----------- ------------ ----------- ----------- -----------
(In millions, except ratios)
<S> <C> <C> <C> <C> <C>
EARNINGS:
Income (loss) before income taxes and minority 18.5 (36.3) 44.5 85.8 66.9
interests
Interest expense 18.4 13.8 8.6 8.9 36.9
Amort. of deferred financing costs 1.1
Rental expense interest component 6.6 6.4 4.1 3.7 3.4
--------- ----------- ---------- --------- ----------
Earnings 43.5 (16.1) 57.2 98.4 108.3
========= =========== ========== ========= ==========
FIXED CHARGES:
Interest expense (18.4) (13.8) (8.6) (8.9) (36.9)
Amort. of deferred financing costs (1.1)
Rental expense interest component (6.6) (6.4) (4.1) (3.7) (3.4)
--------- ----------- ---------- --------- ----------
Fixed charges (25.0) (20.2) (12.7) (12.6) (41.4)
========= =========== ========== ========= ==========
Ratio of earnings to fixed charges 1.7x (a) 4.5x 7.8 2.6x
</TABLE>
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Footnotes
The data above sets forth the ratio of earnings to fixed charges of
Weight Watchers International, Inc. and Subsidiaries ("WWI") for
each of the years in the five-year period ended April 29, 2000. The data
for each of the years in the five year period ended April 29, 2000
are derived from the audited historical financial statements,
included elsewhere in this document.
Footnote (a)
Earnings for the period ended April 26, 1997 were inadequate to cover fixed
charges and resulted in a coverage deficiency of approximately $.8 million.
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