EX-12.01 4 b40283baex12-01.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 1 EXHIBIT 12.01 COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES (in thousands, except ratio data)
------------------------------------------------------------------------------------------------------------------------------ FISCAL YEARS ENDED SEPTEMBER 30, NINE MONTHS NINE MONTHS ENDED ENDED JUNE 30 JUNE 30 ------------------------------------------------------------------------------------------------------------------------------ 1996 1997 1998 1999 2000 2000 2001 Income (Loss) before income taxes $11,176 $ (3,168) $ (27,996) $ (10,897) $25,232 $ 7,702 $(2,148) and minority interests Fixed charges: Interest expense 711 1,674 2,300 1,515 1,318 $ 1,112 1,333 Appropriated portion of Rent Expense 917 1,210 1,633 1,467 1,800 $ 1,350 1,328 representative of Interest Preferred Dividend Requirement 840 -- -- -- -- -- -- Total Fixed Charges $ 2,468 $ 2,884 $ 3,933 $ 2,982 $ 3,118 $ 2,462 $ 2,661 ====================================================================================== Earnings (Loss) before income taxes $12,804 $ (284) $ (24,063) $ (7,915) $ 28,350 $10,164 $ 513 and other fixed charges Ratio of Earnings to Fixed Charges 5.2x (1) (2) (3) 9.1x 4.1x (4)
(1) Earnings were inadequate to cover fixed charges by $3,168,000 in 1997. (2) Earnings were insufficient to cover fixed charges by $27,996,000 in 1998. (3) Earnings were insufficient to cover fixed charges by $10,897,000 in 1999. (4) Earnings were insufficient to cover fixed charges by $2,148,000 for the nine month period ending June 30, 2001.