EX-12.1 62 y99327exv12w1.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES . . . EXHIBIT 12.1 MAAX INC. RATIO OF EARNINGS TO FIXED CHARGES
Pro Forma 2000 2001 2002 2003 2004 2004 PF May 31, 2003 May 31, 2004 May 31,2004 ------------------------------------------------------------------------------------------ Net income 16,028 11,818 14,590 25,425 31,951 21,412 15,166 8,353 5,707 Provision for income taxes 7,402 5,673 8,034 15,699 14,247 9,126 7,161 1,770 485 Fixed charges 4,027 7,264 5,844 5,551 7,070 28,102 1,542 1,820 7,465 ------------------------------------------------------------------------------------------ 27,458 24,754 28,468 46,675 53,267 58,640 23,869 11,943 13,657 ------------------------------------------------------------------------------------------------------------------------------------ Fixed charges Interest expensed or capitalized 2,725 5,552 3,876 3,547 4,380 25,412 1,041 1,148 6,793 Interest component of the rental expense 1,303 1,712 1,968 2,004 2,689 2,689 501 672 672 ------------------------------------------------------------------------------------------ 4,027 7,264 5,844 5,551 7,070 28,102 1,542 1,820 7,465 ------------------------------------------------------------------------------------------------------------------------------------ Ratio 6.8 3.4 4.9 8.4 7.5 2.1 15.5 6.6 1.8 ====================================================================================================================================