EX-12.1 2 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 27, 2004

   June 29, 2003

    June 30, 2002

 

Income (loss) from continuing operations before taxes

   $ 1,428    $ (62,394 )   $ (236,802 )

Fixed charges from continuing operations:

                       

Interest expense and amortization of debt discount on all indebtedness

     8,354      8,191       5,064  

Interest included in rent

     2,400      2,700       4,066  
    

  


 


Total fixed charges from continuing operations

     10,754      10,891       9,130  
    

  


 


Income (loss) before taxes and fixed charges

   $ 12,182    $ (51,503 )   $ (227,672 )
    

  


 


Deficiency of earnings (as defined) to fixed charges

     —      $ (62,394 )   $ (236,802 )
    

  


 


Ratio of earnings to fixed charges (1)

     1.13      —         —    

(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 and fiscal 2002.