EX-12.1 2 d11435a2exv12w1.htm STATEMENTS RE COMPUTATION OF RATIOS exv12w1
 

EXHIBIT 12.1

                                                 
    Nine Months
Ended March 31,		   Year Ended June 30,
    2004
   2003
   2002
   2001
   2000
   1999
Earnings:
                                                
Income (loss) before income taxes
     8,866,744       8,637,078       3,927,588       1,161,528       4,033,717       (8,808,173 )
Adjustments:
                                                
Interest expense (A)
     63,791       126,968       124,672       24,234       116,542       —  
Portion of rental expense representative of interest
     29,388       38,929       36,040       36,963       53,041       48,577  
 
    
 		      
 		      
 		      
 		      
 		      
 		  
 
     8,959,923       8,802,975       4,088,300       1,222,725       4,203,300       (8,759,596 )
 
    
 		      
 		      
 		      
 		      
 		      
 		  
Fixed Charges:
                                                
Interest expense (A)
     63,791       126,968       124,672       24,234       116,542       —  
Portion of rental expense representative of interest
     29,388       38,929       36,040       36,963       53,041       48,577  
 
    
 		      
 		      
 		      
 		      
 		      
 		  
 
     93,179       165,897       160,712       61,197       169,583       48,577  
 
    
 		      
 		      
 		      
 		      
 		      
 		  
Ratio of earnings to fixed charges
     96.16       53.06       25.44       19.98       24.79       (B )
 
    
 		      
 		      
 		      
 		      
 		      
 		  

(A) Includes interest expense and amortization of debt issuance costs.

(B) Due to the registrant’s loss before income taxes in fiscal 1999, the ratio
coverage was less than 1:1. Additional income before income taxes of
$8,808,173 would have been required to achieve a coverage ratio of 1:1.