EX-12.1 8 a2074724zex-12_1.htm EXHIBIT 12.1
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EXHIBIT 12.1


Computation of Ratios of Combined Earnings &
Preferred Stock Dividends to Earnings
(dollars in thousands)

 
   FY96
   FY97
   FY98
   Ended
Jan.2,
1999
   Ended
Dec 27,
1997
   Ended
Jan. 1,
2000
   Ended
Jan.2,
1999
   Ended
Dec. 30,
2000
   Ended
Dec. 29,
2001
  
Interest Expense (1)   3,540   1,830   3,345   8,177   1,108   10,614   10,414   10,612   10,663  
Estimated interest portion of rent expense   62   55   66   74   48   110   91   120   101  
   
 
 
 
 
 
 
 
 
 
Fixed Charges   3,602   1,885   3,411   8,251   1,157   10,723   10,505   10,732   10,764  

Income (loss) before income tax
 
(1,460
)
3,710
 
9,221
 
(1,561
)
8,980
 
(4,719
)
(1,320
)
(3,357
)
(8,735
)
   
 
 
 
 
 
 
 
 
 
Earnings   2,142   5,595   12,632   6,690   10,137   6,004   9,185   7,375   2,029  

Preferred stock dividend requirements (2)
 
0
 
0
 
0
 
(215
)
0
 
(567
)
(215
)
(578
)
(1,625
)

Combined earnings & preferred stock dividends
 
2,142
 
5,595
 
12,632
 
6,475
 
10,137
 
5,437
 
8,970
 
6,797
 
405
 

Ratio of combined earnings & preferred stock dividends to fixed charges
 
0.59
 
2.97
 
3.70
 
0.78
 
8.76
 
0.51
 
0.85
 
0.63
 
0.04
 

(1) including amortization of deferred financing costs
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(2) after tax                                      

Earnings insufficiency
 
(1,460
)
0
 
0
 
(1,776
)
0
 
(5,286
)
(1,535
)
(3,935
)
(10,360
)


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Computation of Ratios of Combined Earnings & Preferred Stock Dividends to Earnings (dollars in thousands)