EX-12.1 3 file002.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12.1 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
YEAR ENDED DECEMBER 31, ------------------------------------------------------------------- 1997 1998 1999 2000 2001 (IN THOUSANDS) ------------ ------------- ------------ ------------- ------------- Income (loss) before income taxes and minority interest ............................................. $ 11,278 $ (26,265) $ 3,339 $ (45,819) $ (43,137) Plus fixed charges: Interest expense, net ............................... 13,429 68,008 87,474 101,693 98,440 Capitalized interest ................................ 615 2,639 3,727 4,182 2,570 Portion of rent expense representative of interest expense ................................... 3,200 3,542 5,201 6,620 8,031 Plus (income) loss from equity investees............... (200) (274) (231) (63) 246 Plus amortization of capitalized interest.............. 465 522 672 935 1,236 Less capitalized interest.............................. (615) (2,639) (3,727) (4,182) (2,570) -------- --------- -------- --------- --------- Adjusted earnings ..................................... 28,172 45,533 96,455 63,366 64,816 Fixed charges ......................................... $ 17,244 $ 74,189 $ 96,402 $ 112,495 $ 109,041 Ratio of earnings to fixed charges .................... 1.6 -- 1.0 -- -- Deficiency of earnings to cover fixed charges ......... $ 28,656 $ 49,129 $ 44,225
THREE MONTHS ENDED PRO-FORMA PRO-FORMA ---------------------------------- YEAR ENDED THREE MONTHS ENDED APRIL 1, 2001 MARCH 31, 2002 DECEMBER 31, 2001 MARCH 31, 2002 (IN THOUSANDS) --------------- ---------------- ------------------ ------------------- Income (loss) before income taxes and minority interest ......................... $ (6,198) $ 3,739 $ (23,026) $ 7,184 Plus fixed charges: Interest expense, net .................... 26,007 21,973 78,328 18,528 Capitalized interest ..................... 837 728 2,570 728 Portion of rent expense representative of interest expense ..................... 1,796 1,874 8,031 1,874 Plus (income) loss from equity investees.... 246 -- 246 -- Plus amortization of capitalized interest... 252 303 1,236 303 Less capitalized interest .................. (837) (728) (2,570) (728) Adjusted earnings .......................... 22,103 27,889 64,815 27,889 Fixed charges .............................. $ 28,640 $ 24,575 $ 88,929 $ 21,130 Ratio of earnings to fixed charges ......... -- 1.2 -- 1.3 Deficiency of earnings to cover fixed charges ................................... $ 6,537 $ 24,114