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
THREE MONTHS ENDED ---------------------------------- MARCH 31, 2002 MARCH 30, 2003 (IN THOUSANDS) ---------------- --------------- Income (loss) before income taxes and minority interest ............. $ 3,739 $ (2,557) Plus fixed charges: Interest expense, net .............................................. 21,973 30,921 Capitalized interest ............................................... 728 533 Portion of rent expense representative of interest expense ......... 1,878 2,025 Plus (income) loss from equity investees ............................ -- -- Plus amortization of capitalized interest ........................... 303 318 Less capitalized interest ........................................... (728) (533) ------- -------- Adjusted earnings ................................................... 27,893 30,707 Fixed charges ....................................................... $24,579 $ 33,479 Ratio of earnings to fixed charges .................................. 1.1 -- Deficiency of earnings to cover fixed charges ....................... $ 2,772