EX-12 2 ex12.htm RATIO

Exhibit 12.1

PSS WORLD MEDICAL, INC. AND SUBSIDIARIES

COMPUTATION OF CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES

FOR THE FISCAL YEARS ENDED APRIL 2, 2004, MARCH 28, 2003, MARCH 29, 2002,
MARCH 30, 2001, MARCH 31, 2000, AND FOR THE THREE MONTHS ENDED JUNE 30, 2004 AND 2003

(Dollars in Thousands)

  Fiscal Year Ended
 Three Months Ended
  2004
 2003
 2002
 2001
 2000
 June 30,
2004
 June 30,
2003
Fixed charges:                                
   Interest expense   $ 5,560   $ 12,554   $ 8,201   $ 11,374   $ 9,278   $ 1,942   $ 1,114  
   Capitalized interest    27    --    1,801    1,612    1,377    --    --  
   Interest component of rental  
      expense    8,962    12,985    12,440    12,768    11,796    3,184    2,388  
            Fixed charges   $ 14,549   $ 25,539   $ 22,442   $ 25,754   $ 22,451   $ 5,126   $ 3,502  
Earnings:  
   Income (loss) before provision  
      for income taxes   $ 46,300   $ 14,129   $ 17,934   $ (37,593 ) $ 17,582   $ 9,887   $ 7,751  
   Add: Fixed charges    14,549    25,539    22,442    25,754    22,451    5,126    3,502  
   Less: Capitalized interest    27    --    1,801    1,612    1,377    --    --  
            Total earnings (loss)   $ 60,822   $ 39,668   $ 38,575   $ (13,451 ) $ 38,656   $ 15,013   $ 11,253  
Ratio of earnings (loss) to fixed  
   charges:  
   Total earnings (loss)   $ 60,822   $ 39,668   $ 38,575   $ (13,451 ) $ 38,656   $ 15,013   $ 11,253  
   Fixed charges   $ 14,549   $ 25,539   $ 22,442   $ 25,754   $ 22,451   $ 5,126   $ 3,502  
   Ratio    4.2    1.6    1.7    (0.5 )  1.7    2.9    3.2  
     (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.