QuickLinks -- Click here to rapidly navigate through this document

Exhibit 12.1

Computation of Ratio of Earnings to Fixed charges

			Actual
														Nine months ended March 31,
			1999			2000		2001		2002		2003		2003		2004
Net (loss) income			$	(2,349	)	$	5,400	$	6,690	$	6,037	$	2,131	$	1,554	$	1,063
	Adjustments
		Income tax provision		3,881			12,043		12,876		10,199		13,511		9,316		14,936
		Total fixed charges		18,380			25,059		27,670		25,333		26,097		19,293		22,552
Income			$	19,912		$	42,502	$	47,236	$	41,569	$	41,739	$	30,163	$	38,551
Fixed charges
	Interest expense		$	12,538		$	18,031	$	19,410	$	17,472	$	18,432	$	13,558	$	16,895
	Deferred issuance costs amortization			1,092			1,390		1,458		1,511		1,791		1,354		1,380
	Imputed interest expense			4,750			5,638		6,802		6,350		5,874		4,381		4,278
Total fixed charges			$	18,380		$	25,059	$	27,670	$	25,333	$	26,097	$	19,293	$	22,553
Ratio of Earnings to fixed charges				1.1			1.7		1.7		1.6		1.6		1.6		1.7

QuickLinks

Exhibit 12.1

Computation of Ratio of Earnings to Fixed charges