EXHIBIT 12.01
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES (in thousands, except ratio data)
NINE MONTHS ENDED JUNE 27, 2003 | FISCAL YEARS ENDED SEPTEMBER 30, 2002 2001 2000 1999 1998 | ||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Income (loss) before provision | |||||||||||||||||||||||
(benefit) for taxes on income | |||||||||||||||||||||||
$ | (9,748 | ) | $ | (255,653 | ) | $ | (317,305 | ) | $ | (65,339 | ) | $ | (13,269 | ) | $ | (42,202 | ) | ||||||
Add -- Fixed charges | 18,081 | 6,587 | 1,617 | 411 | 550 | 695 | |||||||||||||||||
Income before taxes and fixed | |||||||||||||||||||||||
charges (net of capitalized | |||||||||||||||||||||||
interest) | 8,333 | (249,066 | ) | (315,688 | ) | (64,928 | ) | (12,719 | ) | (41,507 | ) | ||||||||||||
Fixed charges: | |||||||||||||||||||||||
Interest | 14,471 | 4,227 | -- | -- | -- | -- | |||||||||||||||||
Amortization of debt issuance | |||||||||||||||||||||||
costs | 1,379 | -- | -- | -- | -- | -- | |||||||||||||||||
Capitalized interest | -- | -- | -- | -- | -- | -- | |||||||||||||||||
Estimated interest component of | |||||||||||||||||||||||
rental expense | 2,231 | 3,360 | 1,617 | 411 | 550 | 695 | |||||||||||||||||
Total | 18,081 | 6,587 | 1,617 | 411 | 550 | 695 | |||||||||||||||||
Ratio of earnings before taxes | |||||||||||||||||||||||
and fixed charges, to fixed | |||||||||||||||||||||||
charges | (1 | ) | (1 | ) | (1 | ) | (1 | ) | (1 | ) | (1 | ) |
(1) During each of these periods, our earnings were less than our fixed changes. The amount of such deficiency was approximately $10 million for the nine months ended June 27, 2003, and $256 million, $317 million, $65 million, $13 million and $42 million for fiscal years 2002, 2001, 2000, 1999 and 1998, respectively.