EX-12.1 3 a2124708zex-12_1.htm EX 12.1

Exhibit 12.1

Statement of Computation of Ratios of Earnings to Fixed Charges

 

 

Pro Forma

 

Years Ended June 30,

 

 

 

Year Ended
June 30, 2003

 

2003

 

2002

 

2001

 

2000

 

1999

 

Interest component of
rents

 

$

1,762,057

 

$

1,339,877

 

$

1,406,834

 

$

999,900

 

$

766,590

 

$

1,233,210

 

Amortization of deferred
financing costs

 

1,725,000

 

1,725,000

 

1,744,000

 

3,499,000

 

3,770,000

 

3,641,000

 

Other financing costs

 

3,551,000

 

3,551,000

 

7,252,000

 

8,796,000

 

3,170,000

 

1,318,000

 

Interest expense

 

26,457,000

 

14,419,000

 

11,837,000

 

15,215,000

 

25,121,000

 

23,575,000

 

Fixed charges

 

33,495,057

 

21,034,877

 

22,239,834

 

28,509,900

 

32,827,590

 

29,767,210

 

Earnings before income
taxes

 

19,091,000

 

16,610,000

 

14,023,000

 

18,004,000

 

(57,104,000

)

3,394,000

 

Earnings before fixed
charges

 

$

52,586,057

 

$

37,644,877

 

$

36,262,834

 

$

46,513,900

 

$

(24,276,410

)

$

33,161,210

 

Ratio of earnings to
fixed charges

 

1.6x

 

1.8x

 

1.6x

 

1.6x

 

(0.7x

)

1.1x