Ratio of Earnings to Fixed Charges Amounts in thousands except for ratio For the For the Fiscal Fiscal Years 4 Months 8 Months Year -------------------------------- Ended Ended -------- FY 90 FY 91 FY 92 5/31/92 1/31/93 FY 94 Actual Actual Actual Actual Actual Actual -------- -------- -------- ------- -------- -------- Fixed charges Interest expense 19,451 18,416 15,876 4,165 14,190 21,826 Amortization of deferred financing costs 1,465 1,620 2,176 763 1,513 1,699 -------- -------- -------- ------- -------- -------- Total interest expense 20,916 20,036 18,052 4,928 15,703 23,525 Interest portion of rental expense 13,836 15,715 17,249 4,858 9,537 14,536 -------- -------- -------- ------- -------- -------- Total fixed charges 34,752 35,751 35,301 9,786 25,240 38,061 Earnings Income from continuing operations before income tax (10,625) (3,978) 3,948 (3,835) (5,107) (61,136) Total fixed charges 34,752 35,751 35,301 9,786 25,240 38,061 -------- -------- -------- ------- -------- -------- 24,127 31,773 39,249 5,951 20,133 (23,075) ======== ======== ======== ======= ======== ======== Ratio of earnings to Inadequate Inadequate Inadequate Inadequate Inadequate fixed charges Earnings Earnings 1.11 Earnings Earnings Earnings ======== ======== ======== ======= ======== Amount of coverage deficiency 10,625 3,978 3,835 5,107 61,136