EX-12.1 59 dex121.txt STATEMENT REGARDING COMPUTATION OF RATIOS Exhibit 12.1 Ratio of earnings to fixed charges
January 3, January 2, January 1, December 30, December 29, 1998 1999 2000 2000 2001 ------------------------------------------------------------------------ Earnings (1) 25,205,800 26,022,400 36,065,600 40,598,000 50,319,700 Fixed Charges 10,867,933 9,705,400 8,957,967 19,841,133 25,272,533 ------------------------------------------------------------------------ Total 36,073,733 35,727,800 45,023,567 60,439,133 75,592,233 [divided by] Fixed Charges 10,867,933 9,705,400 8,957,967 19,841,133 25,272,533 ------------------------------------------------------------------------ Ratio of earnings to fixed charges 3.3 3.7 5.0 3.0 3.0 ======================================================================== Fixed Charges: Interest Expense 8,220,900 7,293,100 6,503,600 15,462,700 17,697,700 Amortization of deferred financing costs 52,900 48,800 48,800 401,300 1,085,900 1/3 of Net Rent Expense 2,594,133 2,363,500 2,405,567 3,977,133 6,488,933 ----------------------------------------------------------------------- Total Fixed Charges 10,867,933 9,705,400 8,957,967 19,841,133 25,272,533
Pro Forma Pro forma December 29, March 31, March 30, March 30, 2001 2001 2002 2002 --------------------------------------------------------- Earnings (1) 33,425,000 9,606,900 19,888,700 12,348,000 Fixed Charges 43,762,733 5,944,633 5,254,833 10,500,133 --------------------------------------------------------- Total 77,187,733 15,551,533 25,143,533 22,848,133 [divided by] Fixed Charges 43,762,733 5,944,633 5,254,833 10,500,133 --------------------------------------------------------- Ratio of earnings to fixed charges 1.8 2.6 4.8 2.2 ========================================================= Fixed Charges: Interest Expense 33,569,000 4,269,000 3,726,100 8,352,000 Amortization of deferred financing costs 2,860,400 53,400 95,400 714,800 1/3 of Net Rent Expense 7,333,333 1,622,233 1,433,333 1,433,333 --------------------------------------------------------- Total Fixed Charges 43,762,733 5,944,633 5,254,833 10,500,133
(1) Represents earnings before patronage dividends.