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 |
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2005 |
2004 |
2003 |
2002 |
2001 |
September 30, 2005 |
October 1, 2004 |
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Fixed charges: |
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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: |
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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: |
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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. |