EX-12.1 4 dex121.txt STATEMENTS RE COMPUTATION OF RATIOS Exhibit 12.1 Computation of Ratio of Earnings to Fixed Charges
(In millions, except ratio information) 31-May ---------------------------------------------------- ------------- Historical Pro Forma ---------------------------------------------------- ------------- 1998 1999 2000 2001 2002 2002 ---- ---- ---- ---- ---- ---- Income (loss) before income taxes $(15.4) $ (12.6) $ (1.0) $ 16.8 $ 27.2 $ 29.7 Interest expense 35.0 33.0 33.9 34.8 26.1 23.6 Interest portion of rentals 3.1 2.9 2.6 3.2 4.7 4.7 Amortization of deferred financing fees 4.8 7.0 2.7 3.2 3.1 3.1 --------- ---------- ---------- --------- ---------- ------------- Total fixed charges 42.9 42.9 39.2 41.2 33.9 31.4 --------- ---------- ---------- --------- ---------- ------------- Earnings available for fixed charges $ 27.5 $ 30.3 $ 38.2 $ 58.0 $ 61.1 $ 61.1 ========= ========== ========== ========= ========== ============= Ratio of earnings to fixed charges 0.6 0.7 1.0 1.4 1.8 1.9 ========= ========== ========== ========= ========== ============= Excess (deficiency) to cover fixed charges $(15.4) $ (12.6) $ (1.0) $ 16.8 $ 27.2 $ 29.7 ========= ========== ========== ========= ========== =============