EXHIBIT 12.1
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
AND COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(DOLLARS IN THOUSANDS)
FISCAL YEAR ENDED
-----------------------------------------------------
1995 1996 1997 1998 1999
--------- --------- --------- -------- -------
Interest expense...... $3,039 $ 2,771 $ 5,900 $14,062 $14,888
Estimated interest
portion of rent
expense............. 335 381 468 694 913
------ ------- ------- ------- -------
Fixed charges......... $3,374 $ 3,152 $ 6,368 $14,756 $15,801
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Income (loss) before
income taxes........ $5,966 $ 8,499 $(5,761) 190 $(5,453)
Fixed charges......... 3,374 3,152 6,368 14,756 15,801
Less: interest
charges capitalized.. (30) (19) (29) (13) (2)
------ ------- ------- ------- -------
Earnings ............. $9,310 $11,632 $ 578 $14,933 $10,346
------ ------- ------- ------- -------
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Ratio of earnings to
fixed charges(A).... 2.8x 3.7x -- 1.0x --
------ ------- ------- ------- -------
------ ------- ------- ------- -------
- - ------------------------
(A) Earnings were insufficient to cover fixed charges by $5,455 in
fiscal year 1999. (1997 = $5,790)