EX-12.1 3 dex121.htm STATEMENT RE: COMPUTATION OF RATIOS Statement re: Computation of Ratios

Exhibit 12.1

Ratio of Earnings to Fixed Charges

 

     Six Months
Ended
    Fiscal Year Ended  
     June 30,
2007
    December 30,
2006
   December 31,
2005
   January 1,
2005
    January 3,
2004
    December 28,
2002
 
     (in thousands)  

Pre-tax (loss) income from continuing operations

   (11,868 )   9,705    3,020    (337 )   (11,887 )   (30,809 )

Fixed charges

   3,249     4,860    3,749    1,653     731     2,103  
                                  

Total earnings (losses) and fixed charges

   (8,619 )   14,565    6,769    1,316     (11,156 )   (28,706 )

Interest expense

   1,767     3,107    2,220    538     —       749  

Portion of rent expense deemed to be interest

   1,482     1,753    1,529    1,115     731     1,354  
                                  

Total fixed charges

   3,249     4,860    3,749    1,653     731     2,103  

Ratio of earnings to fixed charges

   n/a     3.00    1.81    n/a     n/a     n/a  

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 $30.8 million, $11.9 million and $0.3 million for the fiscal years 2002, 2003 and 2004, respectively, and by $11.9 million for the six months ended June 30, 2007.