EX-12.1 2 d17307exv12w1.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12w1
 

EXHIBIT 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions)

                                                         
               
    Year Ended   Nine Months
Ended
  Year Ended   Six Months Ended
    March 31,
  December 31,
  December 31,
  June 30,
    2000
  2001
  2001
  2002
  2003
  2003
  2004
Earnings:
                                                       
Income (loss) from continuing operations before provision for (benefit from) income taxes
  $ 262.9     $ (116.3 )   $ (40.5 )   $ (24.4 )   $ (14.3 )   $ (15.2 )   $ (11.0 )
Interest expense
    20.4       28.9       21.7       36.3       34.9       17.9       21.0  
Interest imputed on rent
    3.2       3.8       5.1       9.9       10.8       4.5       8.7  
 
   
 
     
 
     
 
     
 
     
 
     
 
     
 
 
Total earnings
  $ 286.5     $ (83.6 )   $ (13.7 )   $ 21.8     $ 31.4     $ 7.2     $ 18.7  
 
   
 
     
 
     
 
     
 
     
 
     
 
     
 
 
Fixed Charges:
                                                       
Interest expense
  $ 20.4     $ 28.9     $ 21.7     $ 36.3     $ 34.9     $ 17.9     $ 21.0  
Interest imputed on rent
    3.2       3.8       5.1       9.9       10.8       4.5       8.7  
 
   
 
     
 
     
 
     
 
     
 
     
 
     
 
 
Total fixed charges
  $ 23.6     $ 32.7     $ 26.8     $ 46.2     $ 45.7     $ 22.4     $ 29.7  
 
   
 
     
 
     
 
     
 
     
 
     
 
     
 
 
Ratio of earnings to fixed charges
    12.14       (2.56 )     (0.51 )     0.47       0.69       0.32       0.63  
Earnings were insufficient to cover fixed charges by:
          $ (116.3 )   $ (40.5 )   $ (24.4 )   $ (14.3 )   $ (15.2 )   $ (11.0 )