EX-12 3 exhibit12_1for063002.txt EXHIBIT 12.1 AKI HOLDING CORP. AND SUBSIDIARIES COMPUTATION OF EARNINGS TO FIXED CHARGES (dollars in thousands)
Holding Predecessor ------------------------------------------------------------------------- ----------- December 16, July 1, 1997 Fiscal year ended June 30, 1997 through through -------------------------------------------------------- June 30, December 15, 2002 2001 2000 1999 1998 1997 ---- ---- ---- ---- ---- ---- Income (loss) before income taxes and extraordinary item $ 6,720 $ 2,942 $ (850) $ (5,456) $ (7,545) $ 3,234 Add: Interest on all indebtedness which includes amortization of deferred financing costs 15,633 16,911 17,401 16,740 11,327 2,646 --------- --------- --------- ---------- --------- --------- Earnings available for fixed charges 22,353 19,853 16,551 11,284 3,782 5,880 Fixed charges 15,633 16,911 17,401 16,740 11,327 2,646 --------- --------- --------- --------- --------- --------- Ratio of earnings to fixed charges 1.4x 1.2X --- --- --- 2.2x
Earnings were not sufficient to cover fixed charges by $850, $5,456, and $7,545 for the years ended June 30, 2000 and 1999 and the period from December 16, 1997 to June 30, 1998, respectively.