EX-12.1 2 dex121.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

Exhibit 12.1

 

PSS WORLD MEDICAL, INC. AND SUBSIDIARIES

 

COMPUTATION OF CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES

 

FOR THE FISCAL YEARS ENDED APRIL 1, 2005, APRIL 2, 2004, MARCH 28, 2003, MARCH 29, 2002,

MARCH 30, 2001, AND FOR THE SIX MONTHS ENDED SEPTEMBER 30, 2005 AND OCTOBER 1, 2004

(Unaudited)

 

(Dollars in Thousands)

 

     Fiscal Year Ended

    Six Months Ended

 
     2005

    2004

    2003

    2002

    2001

    September 30,
2005


    October 1,
2004


 

Fixed charges:

                                                        

Interest expense

   $ 6,856     $ 5,560     $ 12,554     $ 8,201     $ 11,374     $ 2,867     $ 3,759  

Capitalized interest

     469       27       —         1,801       1,612       339       —    

Interest component of rental expense

     13,229       8,962       12,985       12,440       12,768       6,443       7,022  
    


 


 


 


 


 


 


Fixed charges

   $ 20,554     $ 14,549     $ 25,539     $ 22,442     $ 25,754     $ 9,649     $ 10,781  
    


 


 


 


 


 


 


Earnings:

                                                        

Income (loss) from continuing operations before provision for income taxes

   $ 56,154     $ 46,300     $ 14,129     $ 17,934     $ (37,593 )   $ 30,725     $ 24,807  

Add: Fixed charges

     20,554       14,549       25,539       22,442       25,754       9,649       10,781  

Less: Capitalized interest

     469       27       —         1,801       1,612       339       —    
    


 


 


 


 


 


 


Total earnings (loss)

   $ 76,239     $ 60,822     $ 39,668     $ 38,575     $ (13,451 )   $ 40,035     $ 35,588  
    


 


 


 


 


 


 


Ratio of earnings (loss) to fixed charges:

                                                        

Total earnings (loss)

   $ 76,239     $ 60,822     $ 39,668     $ 38,575     $ (13,451 )   $ 40,035     $ 35,588  

Fixed charges

   $ 20,554     $ 14,549     $ 25,539     $ 22,442     $ 25,754     $ 9,649     $ 10,781  

Ratio

     3.7 (a)     4.2 (a)     1.6 (a)     1.7 (a)     (0.5 )(a)     4.1 (a)     3.3 (a)

(a) The consolidated ratios of earnings to fixed charges shown above is calculated in accordance with Section 229.503 (d) of Regulation S-K.