EXHIBIT 12.1
40 WEEKS
FISCAL YEARS(1) ENDED
---------------------------------------------------- JANUARY 30,
1996 1997 1998 1999 2000 2000
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(DOLLARS IN THOUSANDS)
Income from continuing operations
before income taxes, minority
interest, discontinued operations and
cumulative effect of accounting
change:.............................. $110,993 $147,050 $178,885 $196,415 $159,059 $136,165
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Plus fixed charges:
Interest on all indebtedness......... 1,429 4,035 3,567 9,837 15,243 11,540
Distributions on Fleetwood Capital
Trust.............................. -- -- 3,936 17,523 17,525 13,144
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Total fixed charges:................... 1,429 4,035 7,503 27,360 32,768 24,684
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Less distributions on Fleetwood Capital
Trust:............................... -- -- (3,936) (17,523) (17,525) (13,144)
Earnings:.............................. $112,422 $151,085 $182,452 $206,252 $174,302 $147,705
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Fixed charge ratio:.................. 78.7 37.4 24.3 7.5 5.3 6.0
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