EX-12 5 x121debt.txt COMPUTATION OF FIXED CHARGE RATIO EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Dollar Amounts in Thousands) Two Month Three Months Fiscal Years Periods Ended Years Ended Ended Ended March 31, December 31, October 31, December 31, 2004 2003 2002 2001 2000 1999 2000 1999 Income from continuing operations before income taxes $ 582 $ 1,398 $ 929 $(35,827) $(17,156) $2,707 $(4,440) $(562) Add: Fixed charges (see below) 1,064 8,635 9,625 7,987 4,445 2,936 1,204 589 -------------------------------------------------------------------------------- Earnings available for fixed charges $1,646 $10,033 $10,554 $(27,840) $(12,711) $5,643 $(3,236) $ 27 -------------------------------------------------------------------------------- Fixed Charges: Interest expense, including amortized discounts and capitalized debt expenses $ 703 $ 2,601 $ 2,137 $ 491 $ 114 $ 19 $ 29 $ 71 Interest component of rents and leases (a) 361 1,513 1,854 2,291 2,012 2,917 347 518 Preferred stock dividends accrued - 4,521 5,634 5,205 2,319 - 828 - -------------------------------------------------------------------------------- Total fixed charges $1,064 $ 8,635 $ 9,625 $ 7,987 $ 4,445 $2,936 $ 1,204 $ 589 -------------------------------------------------------------------------------- Ratio of Earnings to Fixed Charges 1.5 1.2 1.1 (b) (b) 1.9 (b) (b) --------------------------------------------------------------------------------------------------------------------------------- (a) Fixed Charges in excess of Earnings - - - $ 35,827 $ 17,156 - $ 4,440 $ 562