EX-12 3 ex12.htm FIXED CHARGE

Exhibit 12.1

PSS WORLD MEDICAL, INC. AND SUBSIDIARIES

COMPUTATION OF CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES

FOR THE FISCAL YEARS ENDED MARCH 28, 2003, MARCH 29, 2002, MARCH 30, 2001,
MARCH 31, 2000, APRIL 2, 1999, AND FOR THE NINE MONTHS ENDED DECEMBER 31, 2003
AND DECEMBER 27, 2002

(Dollars in Thousands)

  Fiscal Year Ended
 Nine Months Ended
  2003
 2002
 2001
 2000
 1999
 December
31, 2003
 December
27, 2002
Fixed charges:                                
   Interest expense   $ 9,826   $ 8,201   $ 11,374   $ 9,278   $ 4,007   $ 3,895   $ 7,157  
   Capitalized interest    --    1,801    1,612    1,377    --    --    --  
   Interest component of rental  
      expense    12,985    12,440    12,768    11,796    10,065    7,040    9,771  
            Fixed charges   $ 22,811   $ 22,442   $ 25,754   $ 22,451   $ 14,072   $ 10,935   $ 16,928  
Earnings:  
   Income (loss) before income  
      taxes and cumulative effect  
      of accounting change   $ 22,027   $ 17,934   $ (37,593 ) $ 17,582   $ 57,718   $ 34,481   $ 14,144  
   Add: Fixed charges    22,811    22,442    25,754    22,451    14,072    10,935    16,928  
   Less: Capitalized interest    --    1,801    1,612    1,377    --    --    --  
            Total earnings (loss)   $ 44,838   $ 38,575   $ (13,451 ) $ 38,656   $ 71,790   $ 45,416   $ 31,072  
Ratio of earnings (loss) to fixed  
   charges:  
   Total earnings (loss)   $ 44,838   $ 38,575   $ (13,451 ) $ 38,656   $ 71,790   $ 45,416   $ 31,072  
   Fixed charges   $ 22,811   $ 22,442   $ 25,754   $ 22,451   $ 14,072   $ 10,935   $ 16,928  
   Ratio    2.0    1.7    (0.5 )  1.7    5.1    4.2    1.8  
        (a)    (a)    (a)    (a)    (a)    (a)    (a)  



  (a) The consolidated ratios of earnings to fixed charges shown above is calculated in accordance with Section 229.503 (d) of Regulation S-K.