Published on August 25, 2000
Exhibit
12 |
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Six Months |
Fiscal Years Ended |
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| 2000 | 1999 | 2000 | 1999 | 1998 | 1997 | 1996 | |
| Income before income taxes | 4,709 | 3,835** | 9,083 | 7,323 | 5,719 | 4,877 | 4,359 |
| Capitalized interest | (29) | (20) | (57) | (41) | (33) | (44) | (50) |
| Minority interest | (54) | (67) | (170) | (153) | (78) | (27) | (13) |
| Adjusted profit before tax* | 4,627 | 3,748 | 8,856 | 7,129 | 5,608 | 4,806 | 4,296 |
| Fixed charges | |||||||
| Debt interest | 536 | 251 | 756 | 529 | 555 | 629 | 692 |
| Capital lease interest | 138 | 131 | 266 | 268 | 229 | 216 | 196 |
| Capitalized interest | 29 | 20 | 57 | 41 | 33 | 44 | 50 |
| Interest component of rent | 232 | 265 | 458 | 523 | 477 | 449 | 425 |
| Total fixed expense | 935 | 667 | 1,537 | 1,361 | 1,294 | 1,338 | 1,363 |
| Profit before taxes and fixed expenses | 5,561 | 4,415 | 10,393 | 8,490 | 6,902 | 6,144 | 5,659 |
| Fixed charge coverage | 5.95 | 6.62 | 6.76 | 6.24 | 5.33 | 4.59 | 4.15 |
* Does not include the cumulative effect of accounting change recorded by the
Company in Fiscal 2000
** Restated to reflect the impact on the six months ended July 31, 1999 of the
accounting change recorded by the Company in fiscal 2000.