School Specialty (SCOO) 10-K2009 FY Annual report

Filed: 24 Jun 09, 12:00am

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EXHIBIT 12.1

SCHOOL SPECIALTY, INC.

RATIO OF EARNINGS TO FIXED CHARGES

(dollars in thousands)


	Fiscal Year
	2009			2008			2007			2006			2005
Earnings
Income before income taxes - Continuing operations	$	57,133		$	73,941		$	65,693		$	30,829		$	70,529
Discontinued operations		—			(10,230	)		(34,438	)		(29,572	)		(205	)
Subtotal		57,133			63,711			31,255			1,257			70,324
Plus:
Fixed charges		21,218			23,322			25,631			22,776			16,301
Amortization of capitalized interest		104			72			36			49			48
Less interest capitalized during period		(70	)		(272	)		(336	)		—			—
	$	78,385		$	86,833		$	56,586		$	24,082		$	86,673


Fixed Charges
Interest (expensed or capitalized)	$	16,141		$	18,157		$	21,149		$	17,951		$	11,623
Estimated portion of rent expense representative of interest		3,117			3,206			3,117			3,511			3,291
Amortization of deferred financing fees		1,960			1,959			1,365			1,314			1,387

	$	21,218		$	23,322		$	25,631		$	22,776		$	16,301


Ratio of earnings to fixed charges		3.7			3.7			2.2			1.1			5.3