EX-12.1 7 w51207exv12w1.htm STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12w1
 

Exhibit 12.1
Statement of Ratio of Earnings to Fixed Charges
                                         
    January 3,   January 1,   December 31,   December 30,   December 29,
    2004   2005   2005   2006   2007
Pre-tax (loss) income from continuing operations
    (11,887 )     (337 )     3,020       9,705       2,952  
Fixed charges
    731       1,653       3,749       4,860       10,975  
                             
Total earnings (losses) and fixed charges
    (11,156 )     1,316       6,769       14,565       13,927  
 
                                       
Interest expense
          538       2,220       3,107       6,016  
Portion of rent expense deemed to be income
    731       1,115       1,529       1,753       4,959  
                             
Total fixed charges
    731       1,653       3,749       4,860       10,975  
 
                                       
Ratio of earnings to fixed charges
    n/a       n/a       1.81       3.00       1.27  
 
(1)   For purposes of computing the ratio of earnings to fixed charges, total earnings consist of pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries and loss from equity investees plus fixed charges minus minority interests in pre-tax income of subsidiaries that have not incurred fixed charges. Fixed charges consist of interest expense, amortization of debt issuance costs and that portion of rent expense that we believe to be representative of interest. Earnings were not sufficient to cover fixed charges by $11.9 million and $0.3 million for the fiscal years 2003 and 2004, respectively.