EX-12.1 9 a2120009zex-12_1.htm EXHIBIT 12.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EXHIBIT 12.1

 

 

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

(Dollars in Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pro Forma

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thirty-Nine

 

 

 

Fiscal Year Ended September 30,

 

Thirty-Nine Weeks Ended

 

Weeks Ended

 

 

 

1998

 

1999

 

2000

 

2001

 

2002

 

June 29,

 2002

 

June 28,

 2003

 

June 28,

 2003

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total earnings (loss)

 

$

14,137

 

$

(16,917

)

$

10,779

 

$

14,358

 

$

30,629

 

$

20,864

 

$

39,859

 

$

35,277

 

Income tax provision (credit)

 

12,986

 

(2,772

)

7,972

 

9,386

 

16,804

 

13,516

 

22,420

 

7,887

 

Pre Tax Earnings (loss)

 

27,123

 

(19,689

)

18,751

 

23,744

 

47,433

 

34,380

 

62,279

 

43,164

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest charges

 

3,175

 

22,722

 

28,563

 

31,926

 

36,538

 

27,200

 

26,163

 

38,987

 

Interest factor of operating rents

 

197

 

227

 

323

 

365

 

419

 

314

 

441

 

480

 

Total fixed charges

 

3,372

 

22,949

 

28,886

 

32,291

 

36,957

 

27,514

 

26,604

 

39,467

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings as adjusted

 

$

30,495

 

$

3,260

 

$

47,637

 

$

56,035

 

$

84,390

 

$

61,894

 

$

88,883

 

$

82,631

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed

    charges

 

9.0

 

--

 

1.6

 

1.7

 

2.3

 

2.2

 

3.3

 

2.1