EX-12.1 3 dex121.htm COMPUTATION OF RATIOS Prepared by R.R. Donnelley Financial -- Computation of Ratios
 
EXHIBIT 12-1
 
Computation of ratios
(Dollars in thousands)
 
    
Sixteen Weeks Ended
  
    
May 20,
2002
   
May 21,
2001
  
Earnings before fixed charges:
                
Earnings (loss) before income taxes and cumulative effect of accounting change for goodwill
   
$
10,488
   
$
(36,232
)
Fixed charges
   
 
21,915
   
 
32,336
 
    
  
    
$
32,403
   
$
(3,896
)
    
  
Fixed charges:
                
Interest expense
   
$
13,917
   
$
22,544
 
Interest expense component of rent expense (1)
   
 
7,998
   
 
9,792
 
    
  
    
$
21,915
   
$
32,336
 
    
  
Deficiency of earnings to cover fixed charges
   
 
N/A
   
$
36,232
 
Facility action charges, net
   
 
N/A
   
 
(28,220
)
           
Deficiency of earnings to cover fixed charges excluding facility action charges, net
   
 
N/A
   
$
8,012
 
           
Fixed charges coverage ratio
   
 
1.5X
   
 
N/A
 
(1)
 
Calculated as one-third of rent expense