EX-12.1 3 p67507exv12w1.txt EX-12.1 . . . EXHIBIT 12.1 RATIOS OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS YEARS ENDED NOVEMBER 30
NINE MONTHS THREE MONTHS ENDED ENDED NOVEMBER 30 FEBRUARY 29, 2002 2001 2000 1999 1998 1998 ---- ---- ---- ---- ----------- ---- (DOLLARS IN THOUSANDS) ---------------------- Income (Loss) from continuing operations before taxes ........ $(34,231) $(31,914) $ 18,395 $(14,000) $(24,551) $ 3,807 -------- -------- -------- -------- -------- -------- Fixed Charges: Interest ....................... 41,142 40,105 43,989 45,475 33,477 4,104 Interest factor portion of rentals ...................... 1,920 1,710 1,440 1,560 1,110 360 -------- -------- -------- -------- -------- -------- 43,062 41,815 45,429 47,035 34,587 4,464 -------- -------- -------- -------- -------- -------- Earnings before income taxes and fixed charges .................. $ 8,831 $ 9,901 $ 63,824 $ 33,035 $ 10,036 $ 8,271 Preferred stock dividends ........ $ 14,887 $ 13,282 $ 11,848 $ 10,569 $ 7,382 $ -- Ratio of earnings to fixed charges and preferred stock dividends .. N/A N/A 1.11x N/A N/A 1.85x Earnings inadequate to cover fixed charges and preferred stock dividends ...................... $ 49,118 $ 45,196 N/A $ 24,569 $ 31,933 N/A