EX-12.1 3 a2123163zex-12_1.htm EX-12.1
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Exhibit 12.1

Statement of Computation of Ratios of Earnings to Fixed Charges

 
  Years Ended June 30,
 
  2003
  2002
  2001
  2000
  1999
Interest component of rents   $ 1,339,877   $ 1,406,834   $ 999,900   $ 766,590   $ 1,233,210
Amortization of deferred financing costs     1,725,000     1,744,000     3,499,000     3,770,000     3,641,000
Other financing costs     3,551,000     7,252,000     8,796,000     3,170,000     1,318,000
Interest expense     14,419,000     11,837,000     15,215,000     25,121,000     23,575,000
   
 
 
 
 
Fixed charges     21,034,877     22,239,834     28,509,900     32,827,590     29,767,210
Earnings before income taxes     16,610,000     14,023,000     18,004,000     (57,104,000 )   3,394,000
   
 
 
 
 
Earnings before fixed charges   $ 37,644,877   $ 36,262,834   $ 46,513,900   $ (24,276,410 ) $ 33,161,210
   
 
 
 
 
Ratio of earnings to fixed charges     1.8x     1.6x     1.6x     (0.7x )   1.1x


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