EX-12.1 5 a09-23756_1ex12d1.htm EX-12.1

EXHIBIT 12.1

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

The following table sets forth our ratio of earnings to fixed charges for each of the periods indicated.  To date we have not issued any preferred stock.  Therefore, the ratio of earnings to combined fixed charges and preferred stock dividend requirements are the same as the ratio of earnings to fixed charges presented below.

 

 

 

Fiscal Year Ended

 

Six Months
Ended

 

 

 

December 31,
2004

 

January 1,
2006

 

December 31,
2006

 

December 30,
2007

 

December 28,
2008

 

June 28,
2009

 

Income (loss) before income taxes

 

$

(8,832

)

$

2,519

 

$

(9,143

)

$

(11,059

)

$

(9,409

)

$

(4,834

)

Add: Fixed charges(1):

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expensed

 

255

 

189

 

329

 

280

 

255

 

47

 

Interest on rental expenses

 

306

 

320

 

283

 

293

 

211

 

97

 

Total — fixed charges

 

561

 

509

 

612

 

573

 

436

 

144

 

Total earnings (loss) for computation of ratio

 

(8,271

)

3,028

 

(8,531

)

(10,486

)

(8,973

)

(4,690

)

Ratio of earnings to fixed charges(2)

 

 

5.95

 

 

 

 

 

 


(1)        Fixed charges include interest expense plus the portion of interest expense under operating leases deemed by us to be representative of the interest factor.

(2)        Due to our losses in the years ended December 31, 2004, January 1, 2006, December 31, 2006, December 30, 2007 and December 28, 2008 and the six months ended June 28, 2009, the ratio coverage was less than 1:1.  Additional earnings of $8.8 million, $9.1 million, $11.0 million, $9.4 million and $4.8 million for the years ended December 31, 2004, January 1, 2006, December 31, 2006, December 30, 2007 and December 28, 2008 and the six months ended June 28, 2009, respectively, would have been required to achieve a ratio of 1:1.