EX-12.1 51 y97778exv12w1.txt RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12.1 COMPUTATION OF EARNINGS TO FIXED CHARGES
InSight (Predecessor) InSight Holdings ------------------------------------------ --------------------------------------------------- Pro Forma Period from Fiscal Years Nine Months Pro Forma For Nine July 1 to Ended Ended For Fiscal Months Fiscal Years Ended June 30, October 17, June 30, March 31, Year Ended Ended --------------------------- ----------- -------------- ----------- June 30, March 31, 1999 2000 2001 2001 2002 2003 2004 2003 2004 ---- ---- ---- ---- ---- ---- ---- ---------- --------- (dollars in thousands) Earnings: Pretax income (loss) from continuing operations.... $2,922 $8,320 $16,425 $(6,748) $ 9 $ 8,188 $ 5,393 $ 4,211 $ 4,021 Fixed charges.................. 22,928 25,601 28,757 7,888 35,979 40,191 32,291 49,745 35,672 Distributions received from unconsolidated partnerships... 656 450 970 134 965 1,009 1,589 1,009 1,589 Less-Equity in earnings of unconsolidated partnerships... 548 817 971 382 437 1,744 1,705 1,744 1,705 ------- ------- ------- ------- ------- ------- ------- ------- ------- Total earnings............. $25,958 $33,554 $45,181 $ 892 $36,516 $47,644 $37,568 $53,221 $39,577 ======= ======= ======= ======= ======= ======= ======= ======= ======= Fixed Charges: Interest expense............... $15,521 $19,379 $24,315 $6,536 $32,856 $37,738 $30,353 $46,006 33,099 Interest factor of rental expense....................... 7,407 6,222 4,442 1,352 3,123 2,453 1,938 3,739 2,573 ------- ------- ------- ------- ------- ------- ------- ------- ------- Total fixed charges........ $22,928 $25,601 $28,757 $7,888 $35,979 $40,191 $32,291 $49,745 $35,672 ======= ======= ======= ======= ======= ======= ======= ======= ======= Ratio of Earnings to Fixed Charges........................ 1.1x 1.3x 1.6x -- 1.0x 1.2x 1.2x 1.1x 1.1x