EX-12 2 0002.txt COMPUTATION TABLE EXHIBIT 12 EMERSON RADIO CORP. AND SUBSIDIARIES EXHIBIT TO FORM 10-K COMPUTATION OF RATIO OF EARNINGS (LOSS) TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (In thousands, except ratio data)
Historical -------------- --- -------------- --- ------------ --- ------------ --- ----------------- Year Year Year Year Year Ended Ended Ended Ended Ended Mar. 31, Apr. 2, Apr. 3, Mar. 31, Mar. 31, 2000 1999 1998 1997 1996 -------------- -------------- -------------- ------------- --------------- Pretax earnings (loss) $ 3,043 $ 496 $ (1,176) $ (23,738) $ (13,363) Fixed charges: Interest 1,932 1,925 1,833 2,789 2,788 Amortization of debt expenses 352 347 677 640 487 Lease expense 1,316 1,305 1,570 1,790 1,716 -------------- -------------- -------------- ------------- --------------- 3,600 3,577 4,080 5,219 4,991 -------------- -------------- -------------- ------------- --------------- Pretax earnings (loss) before fixed charges $ 6,643 $ 4,073 $ 2,904 $ (18,519) $ (8,372) ============== ============== ============== ============= =============== Fixed charges: Interest $ 1,932 $ 1,925 $ 1,833 $ 2,789 $ 2,788 Amortization of debt expenses 352 347 677 640 487 Lease expense 1,316 1,305 1,570 1,790 1,716 Preferred stock dividend requirements 103 171 400 700 700 -------------- -------------- -------------- ------------- --------------- $ 3,703 $ 3,748 $ 4,480 $ 5,919 $ 5,691 ============== ============== ============== ============= =============== Ratio of earnings (loss) to combined fixed charges and preferred stock dividends 1.79 1.09 .65 (3.13) (1.47) ============== ============== ============== ============= =============== Coverage deficiency -- -- $ 1,576 $ 4,129 $ 3,975 ============== ============== ============== ============= ===============
(a) The preferred stock dividend requirements have been adjusted to reflect the pretax earnings which would be required to cover such dividend requirements.