EX-12.1 22 p68409exv12w1.txt EX-12.1 . . . Exhibit 12.1 Ratios of Earnings to Fixed Charges and Preferred Stock Dividends
Three-Months Ended August 31, Nine-Months Ended August 31, ---------------------------------------------------------- (Dollars in thousands) 2002 2003 2002 2003 ----------------------------------------------------------------------------------- --------- ---------- -------- Income (Loss) from continuing operations before taxes $ (1,029) $ (2,942) $ (26,365) $ 12,406 --------- --------- ---------- -------- Fixed Charges: Interest 8,610 9,249 28,596 25,941 Interest factor portion of rentals 480 413 1,440 1,238 --------- --------- ---------- -------- 9,090 9,662 30,036 27,179 --------- --------- ---------- -------- Earnings (Loss) before fixed charges $ 8,061 $ 6,720 $ 3,671 $ 39,585 --------- --------- ---------- -------- Preferred stock dividends accreted or accrued $ 3,718 $ 4,168 $ 10,949 $ 12,274 --------- --------- ---------- -------- Ratio of earnings to fixed charges and preferred stock dividends N/A N/A N/A 1.00x --------- --------- ---------- -------- Earnings inadequate to cover fixed charges and preferred stock dividends $ 4,747 $ 7,110 $ 37,314 N/A --------- --------- ---------- --------
1