EX-12.1 6 dex121.txt RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.1 Ratio of Earnings to Fixed Charges
For the Six Months Ended For the Year Ended, June 30, ------------------------------------------------- ------------------ 1997 1998 1999 2000 2001 2002 2001 -------- --------- --------- --------- --------- --------- -------- Income (loss) before taxes from continuing operations.................................... $16,414 $(12,604) $(22,939) $(10,618) $ (10,967) $(13,016) $(2,331) Total fixed charges ..................... $ 4,114 $ 20,724 $ 42,136 $ 42,385 $ 41,653 $ 30,111 $19,776 -------- --------- --------- --------- ---------- --------- -------- $20,528 $ 8,120 $ 19,197 $ 31,767 $ 30,686 $ 17,095 $17,445 -------- --------- --------- --------- ---------- -------- -------- Fixed charges Operating lease expense ................. $ 2,821 $ 2,798 $ 5,051 $ 6,447 $ 4,286 $ 1,651 $ 2,143 Factored at one-third ................... $ 939 $ 933 $ 1,684 $ 2,149 $ 1,429 $ 550 $ 714 Interest expense - gross ................ $ 3,175 $ 19,791 $ 40,452 $ 40,236 $ 40,224 $ 29,561 $19,062 -------- --------- --------- --------- ---------- --------- -------- Total fixed charges ..................... $ 4,114 $20,724 $ 42,136 $ 42,385 $ 41,653 $ 30,111 $19,776 -------- --------- --------- --------- ---------- --------- -------- Ratio of earnings to fixed charges ............... 5.0x 0.4x 0.5x 0.7x 0.7x 0.6x 0.9x -------- --------- --------- --------- ---------- --------- -------- Deficiency in fixed charge coverage .............. -- $(12,604) $(22,939) $(10,618) (10,967) $(13,016) $(2,331) -------- --------- --------- --------- ---------- --------- --------