EX-12.1 3 dex121.htm COMPUTATION OF RATION OF EARNINGS Computation of Ration of Earnings

Exhibit 12.1

 

Sealy Corporation

Computation of Ratio of Earnings to Fixed Charges

 

     Fiscal Year Ended

 
(Dollars in thousands)    November 30,
2003


    December 1,
2002


    December 2,
2001


    November 26,
2000


    November 28,
1999


 

Pre-tax income from operations

   36,465     24,151     (8,464 )   57,372     32,382  

Fixed charges:

                              

Interest expense and amortization of debt discount and financing costs

   68,525     72,571     78,047     69,009     65,991  

Rentals - 33% (b)

   4,543     4,551     4,407     3,305     3,476  
    

 

 

 

 

Total Fixed charges

   73,068     77,122     82,454     72,314     69,467  
    

 

 

 

 

Earnings before income taxes and fixed charges

   109,533     101,273     73,990     129,686     101,849  
    

 

 

 

 

Ratio of earnings to fixed charges (a)

   1.5 x   1.3 x   —       1.8 x   1.5 x
    

 

 

 

 


(a) For the year ended December 2, 2001, earnings were insufficient to cover fixed charges by $8.5 million.
(b) The percent of rent included in the calculation is a reasonable approximation of the interest factor in the Company’s operating leases.