EX-12.1 5 file004.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12.1 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
YEAR ENDED DECEMBER 31, ---------------------------------------------------------------- 1998 1999 2000 2001 2002 (IN THOUSANDS) ------------- ----------- ------------- ------------- ---------- (Loss) income before income taxes and minority interest ............................................. $ (26,264) $ 3,339 $ (45,818) $ (43,137) $ 13,277 Plus fixed charges: Interest expense, net ................................ 68,008 87,474 101,693 98,440 81,784 Capitalized interest ................................. 2,639 3,727 4,182 2,570 1,525 Portion of rent expense representative of interest expense ................................... 3,542 5,201 6,620 7,388 7,635 Plus (income) loss from equity investees .............. (274) (231) (63) 246 -- Plus amortization of capitalized interest ............. 522 672 935 1,236 1,252 Less capitalized interest ............................. (2,639) (3,727) (4,182) (2,570) (1,525) --------- -------- --------- --------- -------- Adjusted earnings ..................................... 45,534 96,455 63,367 64,173 103,948 Fixed charges ......................................... $ 74,189 $ 96,402 $ 112,495 $ 108,398 $ 90,944 Ratio of earnings to fixed charges .................... -- 1.0 -- -- 1.1 Deficiency of earnings to cover fixed charges ......... $ 28,655 $ 49,128 $ 44,225
SIX MONTHS ENDED -------------------------------- JUNE 30, 2002 JUNE 29, 2003 (IN THOUSANDS) --------------- -------------- Income (loss) before income taxes and minority interest ............. $ 18,788 $12,367 Plus fixed charges: Interest expense, net .............................................. 41,678 52,664 Capitalized interest ............................................... 1,456 688 Portion of rent expense representative of interest expense ......... 3,777 3,971 Plus (income) loss from equity investees ............................ -- -- Plus amortization of capitalized interest ........................... 616 647 Less capitalized interest ........................................... (1,456) (688) -------- ------- Adjusted earnings ................................................... 64,859 69,649 Fixed charges ....................................................... $ 46,911 $57,323 Ratio of earnings to fixed charges .................................. 1.4 1.2