EX-12.1 11 l92796aex12-1.txt EXHIBIT 12.1 EXHIBIT 12.1 RATIOS OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
NINE MONTHS THREE MONTHS YEAR YEARS ENDED NOVEMBER 30 ENDED ENDED ENDED --------------------------- NOVEMBER 30 FEBRUARY 28, NOVEMBER 30 2001 2000 1999 1998 1998 1997 (DOLLARS IN THOUSANDS) ------- ------- ------- ----------- ------------ ----------- Income (Loss) from continuing operations before taxes.............. (31,914) 18,395 (14,000) (24,551) 3,807 8,877 ======= ======= ======= ======= ===== ====== Fixed Charges: Interest.................. 40,105 43,989 45,475 33,477 4,104 26,722 Interest factor portion of rentals................ 1,710 1,440 1,560 1,110 360 1,740 ------- ------- ------- ------- ----- ------ Total fixed charges........... 41,815 45,429 47,035 34,587 4,464 28,462 ------- ------- ------- ------- ----- ------ Earnings before income taxes and fixed charges......... 81,920 89,418 92,510 68,064 8,568 (1,740) ======= ======= ======= ======= ===== ====== Preferred stock dividends... 13,282 11,848 10,569 7,382 -- -- ======= ======= ======= ======= ===== ====== Ratio of earnings to fixed charges and preferred stock dividends........... 0.44 0.78 0.95 0.24 1.85 1.31 ======= ======= ======= ======= ===== ====== Earnings inadequate to cover fixed charges and preferred stock dividends................. (31,033) (12,602) (3,612) (31,933) ======= ======= ======= ======= ===== ======