EX-12.1 2 w75074exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
Statement of Ratio of Earnings to Fixed Charges
                                         
    January 1,   December 31,   December 30,   December 29,   January 3,
    2005   2005   2006   2007   2009
 
                                       
Pre-tax (loss) income from continuing operations
    (337 )     1,468       6,521       (3,846 )     (30,556 )
Fixed charges
    1,653       5,301       7,834       17,150       24,441  
 
                                       
Total earnings (losses) and fixed charges
    1,316       6,769       14,355       13,304       (6,115 )
 
                                       
Interest expense
    538       3,772       6,081       12,191       18,841  
Portion of rent expense deemed to be interest expense
    1,115       1,529       1,753       4,959       5,600  
 
                                       
Total fixed charges
    1,653       5,301       7,834       17,150       24,441  
 
                                       
Ratio of earnings to fixed charges
    n/a       1.28       1.83       n/a       n/a  
 
(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 expense. Earnings were not sufficient to cover fixed charges by $30.6 million for fiscal year 2008, $3.8 million for fiscal 2007, and $0.3 million for fiscal year 2004.