EX-12.1 5 ex12-1_102903.txt EXHIBIT 12.1 TO S-4 EXHIBIT 12.1 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (AMOUNTS IN THOUSANDS) (unaudited)
Year Ended June 30, ------------------- 1999 2000 2001 2002 2003 ---- ---- ---- ---- ---- Fixed Charges: Interest expense on indebtedness $ 38,018 $ 42,179 $ 44,292 $ 46,553 $ 45,026 Amortization of debt insurance costs 1,245 1,306 1,561 2,033 2,500 Capitalized interest 637 447 4,824 1,772 11 Interest expense on portion of rent expense representative of interest 1,449 1,270 1,450 1,795 1,759 --------------- -------------- --------------- ------------- -------------- Total fixed charges $ 41,349 $ 45,202 $ 52,127 $ 52,153 $ 49,296 =============== ============== =============== ============= ============== Earnings: Net income (loss) before provision for income taxes $ 70,330 $ 89,117 $ 64,329 $ (22,924) $ (42,016) Fixed charges per above less capitalized interest 40,712 44,755 47,303 50,381 49,285 Amortization of capitalized interest 140 182 208 529 647 --------------- -------------- --------------- ------------- -------------- Total earnings $ 111,182 $ 134,054 $ 111,840 $ 27,986 $ 7,916 =============== ============== =============== ============= ============== Ratio of Earnings to Fixed Charges 2.7x 3.0x 2.2x 0.5x 0.2x =============== ============== =============== ============= ==============