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)

 

     Years ended

 
     July 3, 2005

   June 27, 2004

   June 29, 2003

 

Income (loss) from continuing operations before taxes

   $ 16,485    $ 1,428    $ (62,394 )

Fixed charges from continuing operations:

                      

Interest expense and amortization of debt discount on all indebtedness

     8,355      8,354      8,191  

Interest included in rent

     2,300      2,400      2,700  
    

  

  


Total fixed charges from continuing operations

     10,655      10,754      10,891  
    

  

  


Income (loss) before taxes and fixed charges

   $ 27,140    $ 12,182    $ (51,503 )
    

  

  


Deficiency of earnings (as defined) to fixed charges

     —        —      $ (62,394 )
    

  

  


Ratio of earnings to fixed charges (1)

     2.55      1.13      —    

(1) For purposes of computing the ratio of earnings to fixed charges, earnings consist of income (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.