EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(IN MILLIONS)
FOR THE THREE MONTHS
FOR THE YEAR ENDED MAY 31, ENDED AUGUST 28,
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HISTORICAL PRO FORMA HISTORICAL PRO FORMA
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1995 1996 1997 1998 1999 1999 1999 1999
-------- -------- -------- -------- -------- --------- ---------- ---------
Operating income...................... $ 8.4 $54.8 $20.2 $23.9 $27.5 $27.4 $(6.4) $(6.7)
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Interest expense...................... 17.3 27.9 33.6 35.0 33.0 34.8 7.3 8.6
Interest portion of rentals........... 0.9 0.8 2.8 3.1 2.9 2.9 0.7 0.7
Amortization of deferred financing
fees................................ 1.2 2.5 3.0 4.8 7.0 1.7 3.3 0.7
----- ----- ----- ----- ----- ----- ----- -----
Total fixed charges................... $19.4 $31.2 $39.4 $42.9 $42.9 $39.4 $11.3 $10.0
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Ratio of earnings to fixed charges.... 0.5 1.8 0.6 0.6 0.7 0.8 (0.6) (0.7)