EX-12.1 7 d06375exv12w1.txt STATEMENTS RE: COMPUTATION OF RATIOS . . . Exhibit 12.1 Statements Re:Computation of Ratios
Three Months Ended March 31, Years Ended December 31, --------------------- --------------------------------------------------------- 2003 2002 2002 2001 2000 1999 1998 --------- --------- --------- --------- --------- --------- --------- (In thousands, except ratios) Earnings Add Pre-tax income from continuing operations before minority interest 17,980 397 17,427 11,932 45,139 (4,006) 14,373 Fixed charges 440 874 2,317 4,021 4,772 4,779 4,481 Amortization of capitalized interest 8 13 46 60 60 103 195 Distributed income of equity investees -- -- -- -- -- -- -- Remington's share of pre-tax losses of equity investees -- -- -- -- -- -- -- --------- --------- --------- --------- --------- --------- --------- 18,427 1,284 19,790 16,014 49,971 876 19,049 --------- --------- --------- --------- --------- --------- --------- Subtract Interest capitalized -- -- -- -- -- -- -- Preference security dividends requirements of consolidated subsidiaries -- -- -- -- -- -- -- Minority interest in pre-tax income of subsidiaries that have not incurred fixed charges -- -- -- -- -- -- -- --------- --------- --------- --------- --------- --------- --------- Earnings 18,427 1,284 19,790 16,014 49,971 876 19,049 ========= ========= ========= ========= ========= ========= ========= Fixed charges Interest expensed 336 782 1,917 3,657 4,227 3,800 4,048 Interest capitalized -- -- -- -- -- -- -- Amortization of premiums, discounts and capitalized expenses related to indebtedness 64 47 228 172 334 752 254 Estimated interest within rental expense 40 45 172 192 211 227 179 Preference security dividend requirements of consolidated subsidiaries -- -- -- -- -- -- -- --------- --------- --------- --------- --------- --------- --------- Fixed charges 440 874 2,317 4,021 4,772 4,779 4,481 ========= ========= ========= ========= ========= ========= ========= Ratio of earnings to fixed charges 41.9 1.5 8.5 4.0 10.5 0.2 4.3 Earnings insufficient to cover fixed charges 3,903