EXHIBIT 12.1
RATIO SUPPORT
RATIO OF EARNINGS TO FIXED CHARGES
Hudson RCI
Holding -------------------------------------------
--------------- As
Inception to Restated
12/25/98 1999 1995 1996 1997 1998 1999
-------- ---- ---- ---- ---- ---- ----
Earnings:
Pre-tax Income (1,574) (7,082) (118) 7,154 11,443 (61,676) 358
Fixed Charges:
Interest Expense 10,273 17,263 2,424 2,177 1,834 11,327 17,263
Amort. of Debt Expense 635 -- 147 59 62 -- --
Interest Factor of Rental
Expense 370 684 355 369 377 502 684
------- ------ ----- ----- ------ ------- ------
Total Fixed Charges 11,278 17,947 2,926 2,605 2,273 11,829 17,947
------- ------ ----- ----- ------ ------- ------
Total Earnings Before
Fixed Charges 9,704 10,865 2,808 9,759 13,716 (49,847) 18,305
------- ------ ----- ----- ------ ------- ------
Ratio of earnings to -- -- 1.0 3.7 6.0 1.0
fixed charges
Deficiency of earnings to
cover fixed charges (1,574) (7,082) (61,676)
RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
Hudson RCI
Holding ---------------------------------------------------
---------------------- As
Inception to Restated
12/25/98 1999 1995 1996 1997 1998 1999
-------- ---- ---- ---- ---- ---- ----
Earnings:
Pre-Tax Income (1,574) (7,082) (118) 7,154 11,443 (61,676) 358
Fixed Charges:
Interest Expense 10,273 17,263 2,424 2,177 1,834 11,327 17,263
Amort. of Debt Expense 635 -- 147 59 62 -- --
Interest Factor of Rental
Expense 370 684 355 369 377 502 684
Preferred Stock Dividend
Expense 4,187 6,515 -- -- -- 4,187 6,518
-------- -------- ------ ------ ------ ------ ------
Total Fixed Charges 15,465 24,462 2,926 2,605 2,273 16,016 24,465
-------- -------- ------ ------ ------ ------ ------
Total Earnings Before
Fixed Charges $(13,891) (17,380) 2,808 9,759 13,716 (49,847) 18,305
-------- -------- ------ ------ ------ ------ ------
Ratio of earnings to -- -- 1.0 3.7 6.0 -- --
fixed charges and
preferred stock
dividends
Deficiency of earnings to (5,761) (13,597) (65,863) (6,160)
cover fixed charges and
preferred stock dividends
Computation if Interest Factor of Rental
- ----------------------------------------
Holding
-----------------
Inception Hudson RCI
t0 -----------------------------------------
12/25/98 1999 1995 1996 1997 1998 1999
-------- ---- ---- ---- ---- ---- ----
Operating rental expense 1,110 2,052 1,065 1,106 1,132 1,506 2,052
Interest Factor 33% 33% 33% 33% 33% 33% 33%
----- ----- ----- ----- ----- ----- -----
Total 370 684 355 369 377 502 684
===== ===== ===== ===== ===== ===== =====
Computation of Preferred Stock Expense
- --------------------------------------
Holding
-----------------
Inception Hudson RCI
to --------------------------------------------
12/15/98 1999 1995 1996 1997 1998 1999
-------- ---- ---- ---- ---- ---- ----
Preferred stock expense 2,512 3,909 -- -- -- 2,512 3,911
Tax effect (1.0-.40) 60% 60% 60% 60% 60% 60% 60%
----- ----- --- --- --- ----- -----
4,187 6,518 -- -- -- 4,187 6,518
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