EX-12.1 10 a2065672zex-12_1.txt EXHIBIT 12.1 EXHIBIT 12.1
FISCAL YEARS(1) ---------------------------------------------------- 1997 1998 1999 2000 2001 7/29/01 7/30/00 -------- -------- -------- -------- -------- -------- -------- (DOLLARS IN THOUSANDS) Income from continuing operations before income taxes, minority interest, discontinued operations and cumulative effect of accounting change:.............................. $147,050 $178,885 $196,415 $159,059 $(319,230) $(14,164) $ (26,567) -------- -------- -------- -------- --------- -------- --------- Plus fixed charges: Interest on all indebtedness......... 4,035 3,567 9,837 15,243 20,026 5,581 4,510 Distributions on Fleetwood Capital Trust.............................. -- 3,936 17,523 17,525 17,525 4,381 4,381 -------- -------- -------- -------- --------- -------- --------- Total fixed charges:................... 4,035 7,503 27,360 32,768 37,551 9,962 8,891 -------- -------- -------- -------- --------- -------- --------- Less distributions on Fleetwood Capital Trust:............................... -- (3,936) (17,523) (17,525) (17,525) (4,381) (4,381) Earnings:.............................. $151,085 $182,452 $206,252 $174,302 $(299,204) $ (8,583) $ (22,057) -------- -------- -------- -------- --------- -------- --------- Fixed charge ratio:.................. 37.4 24.3 7.5 5.3 --(1) --(1) --(1) -------- -------- -------- -------- --------- -------- ---------
(1) Our ratios of earnings to fixed charges for the fiscal year ended April 29, 2001 and the fiscal quarters ended July 30, 2000 and July 29, 2001 were not meaningful since earnings were inadequate to cover fixed charges by $336.8 million, $30.9 million and $18.5 million, respectively.