Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
| Year Ended | ||||||||||||||||||||
| January 1, | January 3, | December 28, | December 29, | December 30, | ||||||||||||||||
| 2005 | 2004 | 2002 | 2001 | 2000 | ||||||||||||||||
Earnings | ||||||||||||||||||||
| Income (loss) before income taxes (a) | $ | 4,690 | $ | (3,576 | ) | $ | 894 | $ | (91,191 | ) | $ | 12,271 | ||||||||
| Fixed charges (from calculation below) | 3,292 | 716 | 1,662 | 3,419 | 3,425 | |||||||||||||||
| Net ‘Earnings’ as defined (b) | 7,982 | (2,860 | ) | 2,556 | (87,772 | ) | 15,696 | |||||||||||||
Fixed Charges | ||||||||||||||||||||
| Total operating lease expenses (c) | 2,497 | 2,149 | 1,808 | 1,778 | 623 | |||||||||||||||
| Interest component of operating lease expense (deemed to be 1/3 of operating lease expense) | 832 | 716 | 603 | 593 | 208 | |||||||||||||||
| Interest expense | 2,089 | — | 500 | 2,605 | 2,970 | |||||||||||||||
| Amortization of capitalized debt issuance costs | 371 | — | 559 | 221 | 247 | |||||||||||||||
| Total Fixed charges (d) | 3,292 | 716 | 1,662 | 3,419 | 3,425 | |||||||||||||||
| Earnings to fixed charges ratio | 2.42 | (3.99 | ) | 1.54 | (25.67 | ) | 4.58 | |||||||||||||
| Earnings excess (deficiency) | 4,690 | (3,576 | ) | 894 | (91,191 | )* | 12,271 | |||||||||||||
| (a) | From Form 10-K. | |
| (b) | Net earnings are defined as income (loss) before income taxes, plus fixed charges | |
| (c) | From Form 10-K (rent expense in lease footnote) | |
| (d) | Fixed charges represent interest expense on indebtedness, amortization of related capitalized debt issuance costs and the assumed interest expense implicit in our operating leases. | |
| * | Fiscal year 2001 earnings include the impact of a $78.9 million write-off of in process research and development resulting from the Merger. |
