Exhibit 12
<TABLE>
<CAPTION>
COMPUTATION OF RATIO OF EARNINGS OF FIXED CHARGES
(In thousands, except ratios)
Fiscal Year Ended
Quarter -----------------------------------------------------------------------------
Ended (53 weeks)
April 2, 2000 1999 1998 1997 1996 1995
----------------- -------------- ------------- -------------- -------------- --------------
Earnings:
<S> <C> <C> <C> <C> <C> <C>
Pre-tax income (loss) $ (3,266) $(21,207) $(148,535) $ 42,981 $ 3,211 $ 72,094
Fixed charges 7,210 17,311 17,534 17,661 16,687 16,740
Capitalized interest (2,564) -- -- -- -- --
----------------- -------------- ------------- -------------- -------------- --------------
Total earnings $ 1,380 $(3,896) $(131,001) $ 60,642 $ 19,898 $ 88,834
(losses)
================= ============== ============= ============== ============== ==============
Fixed Charges:
Interest expense on
intercompany debt $ 3,037 $ 13,000 $ 13,000 $ 13,000 $ 12,000 $ 12,000
Interest expense-other 1,609 4,311 4,534 4,661 4,687 4,740
Capitalized interest 2,564 -- -- -- -- --
----------------- -------------- ------------- -------------- -------------- --------------
Total fixed charges $ 7,210 $ 17,311 $ 17,534 $ 17,661 $ 16,687 $ 16,740
================= ============== ============= ============== ============== ==============
Ratio of Earnings to
Fixed Charges 0.2x (0.2x) (7.5x) 3.4x 1.2x 5.3x
================= ============== ============= ============== ============== ==============
</TABLE>
II-9
