EX-12.1 3 a29514exv12w1.htm EXHIBIT 12.1 exv12w1
 

Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands, except ratio data)
                                         
    For the Year Ended
    December 31,   December 31,   January 1,   December 31,   December 30,
    2002   2003   2005   2005   2006
 
EARNINGS:
                                       
Income (loss) from continuing operations before provision for income taxes
  $ (13,586 )   $ 325     $ (21,392 )   $ 29,460     $ 40,695  
Fixed charges
    2,571       1,653       3,879       6,518       6,514  
 
Total earnings (loss)
    (11,015 )     1,978       (17,513 )     35,978       47,209  
 
                                       
FIXED CHARGES:
                                       
Interest expense
    459       205       1,645       2,972       3,123  
Interest expense (non cash)
                181       724       724  
Estimated interest within rent expense
    2,112       1,448       2,053       2,822       2,667  
 
Total fixed charges
    2,571       1,653       3,879       6,518       6,514  
 
                                       
 
RATIO OF EARNINGS TO FIXED CHARGES (1)
          1.2           5.5     7.2
 
     
(1)   For the purposes of computing the ratio of earnings to fixed charges, earnings consist of income (loss) from continuing operations before provision for income taxes plus fixed charges. Fixed charges consist of interest expense and that portion of rental expense we believe to be representative of interest. Earnings, as defined, were not sufficient to cover fixed charges by $16.2 million and $25.3 million for the fiscal years ended December 31, 2002 and January 1, 2005, respectively.