EX-12.1 3 dex121.htm STATEMENT RE: COMPUTATION OF RATIOS Statement re: Computation of Ratios

EXHIBIT 12.1

 

Statement re: Computation of Ratios (in thousands, except ratio of earnings)

 

     June 29, 2003

    June 30, 2002

    July 1, 2001

 

Loss from continuing operations before taxes

   $ (62,394 )   $ (236,802 )   $ (91,551 )

Fixed charges from continuing operations:

                        

Interest expense and amortization of debt discount on all indebtedness

     8,191       5,064       387  

Interest included in rent

     2,700       4,066       3,861  
    


 


 


Total fixed charges from continuing operations

     10,891       9,130       4,248  
    


 


 


Loss before taxes and fixed charges

   $ (51,503 )   $ (227,672 )   $ (87,303 )
    


 


 


Deficiency of earnings (as defined) to fixed charges

   $ (62,394 )   $ (236,802 )   $ (91,551 )
    


 


 


Ratio of earnings to fixed charges (1)

     —         —         —    

(1)   For purposes of computing the ratio of earnings to fixed charges, earnings consist of loss before provision for income taxes plus fixed charges. Fixed charges consist of interest charges and that portion of rental expense that we believe to be representative of interest. Earnings were inadequate to cover fixed charges in fiscal 2003, fiscal 2002 and fiscal 2001.