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EXHIBIT 12
RATIO OF EARNINGS TO FIXED CHARGES
FISCAL YEAR
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14-WEEK 13-WEEK
PERIOD ENDED PERIOD ENDED
1999 2000 2001 2002 2003 JANUARY 3, 2003 JANUARY 2, 2004
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EARNINGS CALCULATION
Income (loss) before taxes (9,053) (10,360) (15,897) (2,179) 26,624 4,040 8,126
Add Back: Fixed Charges 18,105 18,996 21,134 16,941 14,973 3,778 3,667
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Calculated Earnings 9,052 8,636 5,237 14,762 41,597 7,818 11,793
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EARNINGS SHORTFALL FOR RATIO OF 1.0 9,053 10,360 15,897 2,179
FIXED CHARGES CALCULATION (A)
Interest Expense (B) 17,805 18,663 20,734 16,508 14,540 3,670 3,559
Interest Expense portion of rental expense 300 333 400 433 433 108 108
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Total Fixed Charges 18,105 18,996 21,134 16,941 14,973 3,778 3,667
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RATIO: EARNINGS / FIXED CHARGES 0.50 0.45 0.25 0.87 2.78 2.07 3.22
(A)Fixed charges exclude capitalized interest;
capitalized interest is zero.
(B)Includes debt issue amortization costs
INTEREST EXPENSE PORTION OF RENTAL EXPENSE
Rental Expense 900 1,000 1,200 1,300 1,300 325 325
Estimated Interest Cost 33% 33% 33% 33% 33% 33% 33%
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Calculated total 300 333 400 433 433 108 108
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PRO FORMA
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13-WEEK
PERIOD ENDED
2003 JANUARY 2, 2004
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EARNINGS CALCULATION
Income (loss) before taxes 19,309 6,215
Add Back: Fixed Charges 15,994 3,998
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Calculated Earnings 35,303 10,213
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EARNINGS SHORTFALL FOR RATIO OF 1.0
FIXED CHARGES CALCULATION (A)
Interest Expense (B) 15,561 3,890
Interest Expense portion of rental expense 433 108
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Total Fixed Charges 15,994 3,998
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RATIO: EARNINGS / FIXED CHARGES 2.21 2.55
(A)Fixed charges exclude capitalized interest;
capitalized interest is zero.
(B)Includes debt issue amortization costs
INTEREST EXPENSE PORTION OF RENTAL EXPENSE
Rental Expense 1,300 325
Estimated Interest Cost 33% 33%
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Calculated total 433 108
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