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Computation of Ratios of Combined Earnings &
Preferred Stock Dividends to Earnings
(dollars in thousands)
| FY96 | FY97 | FY98 | Ended Jan.2, 1999 | Ended Dec 27, 1997 | Ended Jan. 1, 2000 | Ended Jan.2, 1999 | Ended Dec. 30, 2000 | Ended Dec. 29, 2001 | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest Expense (1) | 3,540 | 1,830 | 3,345 | 8,177 | 1,108 | 10,614 | 10,414 | 10,612 | 10,663 | ||||||||||
Estimated interest portion of rent expense | 62 | 55 | 66 | 74 | 48 | 110 | 91 | 120 | 101 | ||||||||||
Fixed Charges | 3,602 | 1,885 | 3,411 | 8,251 | 1,157 | 10,723 | 10,505 | 10,732 | 10,764 | ||||||||||
Income (loss) before income tax | (1,460 | ) | 3,710 | 9,221 | (1,561 | ) | 8,980 | (4,719 | ) | (1,320 | ) | (3,357 | ) | (8,735 | ) | ||||
Earnings | 2,142 | 5,595 | 12,632 | 6,690 | 10,137 | 6,004 | 9,185 | 7,375 | 2,029 | ||||||||||
Preferred stock dividend requirements (2) | 0 | 0 | 0 | (215 | ) | 0 | (567 | ) | (215 | ) | (578 | ) | (1,625 | ) | |||||
Combined earnings & preferred stock dividends | 2,142 | 5,595 | 12,632 | 6,475 | 10,137 | 5,437 | 8,970 | 6,797 | 405 | ||||||||||
Ratio of combined earnings & preferred stock dividends to fixed charges | 0.59 | 2.97 | 3.70 | 0.78 | 8.76 | 0.51 | 0.85 | 0.63 | 0.04 | ||||||||||
(1) including amortization of deferred financing costs | |||||||||||||||||||
(2) after tax | |||||||||||||||||||
Earnings insufficiency | (1,460 | ) | 0 | 0 | (1,776 | ) | 0 | (5,286 | ) | (1,535 | ) | (3,935 | ) | (10,360 | ) |
Computation of Ratios of Combined Earnings & Preferred Stock Dividends to Earnings (dollars in thousands)