EX-12.1 2 a06-16535_1ex12d1.htm EX-12

EXHIBIT 12.1

Statement Regarding Computation of Ratios of Earnings to Fixed Charges
(in thousands, except ratios)

 

 

 

 

 

 

 

 

 

 

 

Nine Months

 

 

 

 

 

 

 

 

 

 

 

 

 

Ended

 

 

 

Fiscal Year Ended September 30,

 

July 1,

 

 

 

2001

 

2002

 

2003

 

2004

 

2005

 

2006

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before provision for income taxes, minority interest and income from equity investees

 

$

42,866

 

$

(96,899

)

$

(56,479

)

$

30,068

 

$

43,008

 

 

$

38,618

 

 

Fixed charges

 

7,003

 

6,265

 

5,348

 

4,769

 

3,807

 

 

4,158

 

 

Minority interest in pretax (income) loss of subsidiaries that have not incurred fixed charges

 

(768

)

(664

)

6,811

 

278

 

240

 

 

—

 

 

Capitalized interest, net of amortization

 

(775

)

15

 

183

 

183

 

(227

)

 

(52

)

 

Total earnings

 

$

48,326

 

$

(91,283

)

$

(44,137

)

$

35,298

 

$

46,828

 

 

$

42,724

 

 

Fixed charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense, including amortization of debt issuance costs

 

$

5,089

 

$

5,315

 

$

3,878

 

$

3,138

 

$

1,839

 

 

$

2,629

 

 

Capitalized interest

 

775

 

140

 

—

 

—

 

410

 

 

230

 

 

Assumed interest element in rent*

 

1,139

 

810

 

1,470

 

1,631

 

1,558

 

 

1,299

 

 

Total fixed charges

 

$

7,003

 

$

6,265

 

$

5,348

 

$

4,769

 

$

3,807

 

 

$

4,158

 

 

Ratio of earnings to fixed charges

 

6.9x

 

 

 

 

 

7.4x

 

12.3x

 

 

10.3x

 

 

Deficiency in earnings available to cover fixed charges

 

 

 

$

(97,548

)

$

(49,485

)

 

 

 

 

 

 

 

 

*       The interest element of rent is assumed to be approximately 23% of rent expense.