EX-12.1 3 w81774exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
Statement of Ratio of Earnings to Fixed Charges
                                         
    December 30,   December 29,   January 3.   January 2.   January 1.
    2006   2007   2009   2010   2011
Pre-tax (loss) income from continuing operations
    6,521       (3,846 )     (30,556 )     (8,684 )     (36,220 )
Fixed charges
    7,834       17,150       24,441       25,177       24,876  
 
                                       
Total earnings (losses) and fixed charges
    14,355       13,304       (6,115 )     16,493       (11,344 )
 
                                       
Interest expense
    6,081       12,191       18,841       19,430       17,292  
Portion of rent expense deemed to be interest expense
    1,753       4,959       5,600       5,747       7,584  
 
                                       
Total fixed charges
    7,834       17,150       24,441       25,177       24,876  
 
                                       
Ratio of earnings to fixed charges
    1.83       n/a       n/a       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 $36.2 million for fiscal 2010, $8.7 million for fiscal year 2009, $30.6 million for fiscal year 2008, and $3.8 million for fiscal year 2007.