EX-12.1 3 a2120390zex-12_1.txt EXHIBIT 12.1 EXHIBIT 12.1 Computation of Ratio of Earnings to Fixed Charges (Unaudited) (In millions)
Pro Forma Ten-Month Pro Forma Ten-Month Transition Nine Months Transition Nine Months Period Fiscal Year Ended Ended Period Ended Ended Ended ------------------------------------------ 9/30/2003 12/31/2002 9/30/2003 12/31/2002 2/23/2002 2/24/2001 2/26/2000 2/27/1999 ---------- ------------ ---------- ------------- ---------- ---------- ---------- --------- Earnings: (Loss) earnings before income taxes $(33.7) $(72.6) $(31.8) $ (68.1) $(102.3) $ 22.5 $(47.5) $ (79.5) Fixed charges, excluding capitalized interest 54.0 65.2 52.1 60.7 68.5 60.4 57.4 46.8 ------ ------ ------ ------- ------- ------ ------ ------- Total (loss) earnings $ 20.3 $ (7.4) $ 20.3 $ (7.4) $ (33.8) $ 82.9 $ 9.9 $ (32.7) ------ ------ ------ ------- ------- ------ ------ ------- Fixed Charges: Interest expense $ 51.4 $ 62.5 $ 50.0 $ 58.5 $ 66.2 $ 57.9 $ 54.9 $ 44.8 Capitalized interest -- -- -- -- -- 0.3 1.5 2.1 Amortization of deferred debt issuance costs 2.6 2.7 2.1 2.2 2.3 2.5 2.5 2.0 ------ ------ ------ ------- ------- ------ ------ ------- Total fixed charges $ 54.0 $ 65.2 $ 52.1 $ 60.7 $ 68.5 $ 60.7 $ 58.9 $ 48.9 ------ ------ ------- ------- ------- ------ ------ ------- Ratio of (loss) earnings to total fixed charges ** ** * * * 1.4 * * ====== ====== ======= ======= ======= ====== ====== =======
* Earnings were insufficient to cover fixed charges by $31.8, $68.1, $102.3, $49.0 and $81.6 for the nine months ended September 30, 2003, for the transition period ended December 31, 2002 and for the fiscal years ended February 23, 2002, February 26, 2000 and February 27, 1999, respectively. ** Pro forma earnings were insufficient to cover pro forma fixed charges by $33.7 and $72.6 for the nine months ended September 30, 2003 and for the transition period ended December 31, 2002, respectively.