EXHIBIT 12.1
AKI HOLDING CORP. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
Predecessor The Company
------------------------------------------------------ -----------------------------------------
Fiscal Year Ended June 30, July 1, 1997 through December 16, 1997 Fiscal Year Ended
-------------------------- -------------------- ----------------- -----------------
December 15, 1997 through June 30, 1998 June 30, 1999
----------------- --------------------- -------------
1995 1996 1997
---- ---- ----
Income (loss) before
income taxes...... $7,247 $4,279 $7,117 $3,234 $(7,545) $(5,456)
Add:
Interest on all
indebtedness which
includes amortization
of deferred financing
costs............. 6,170 6,762 6,203 2,646 11,327 16,740
----- ----- ----- ----- ------ ------
Earnings available for
fixed charges..... 13,417 11,041 13,320 5,880 3,782 11,284
Fixed charges....... 6,170 6,762 6,203 2,646 11,327 16,740
----- ----- ----- ----- ------ ------
Ratio of earnings to
fixed charges..... 2.2x 1.6x 2.1x 2.2x -- --
Earnings were not sufficient to cover fixed charges by $7,545 and $5,456 for the
period from December 16, 1997 through June 30, 1998 and the fiscal year ended
June 30, 1999, respectively.
AKI, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
Predecessor AKI, Inc.
------------------------------------------------------ ---------------------------------------------
Fiscal Year Ended June 30, July 1, 1997 through December 16, 1997 Fiscal Year Ended June
-------------------------- --------------------- ------------------ ----------------------
December 15, 1997 through June 30, 1998 30, 1999
----------------- --------------------- --------
1995 1996 1997
---- ---- ----
Income (loss) before
income taxes...... $7,247 $4,279 $7,117 $3,234 $(7,487) $(1,744)
Add:
Interest on all
indebtedness which
includes amortization
of deferred financing
costs............. 6,170 6,762 6,203 2,646 11,269 13,028
----- ----- ----- ----- ------ ------
Earnings available for
fixed charges..... 13,417 11,041 13,320 5,880 3,782 11,284
Fixed charges....... 6,170 6,762 6,203 2,646 11,269 13,028
----- ----- ----- ----- ------ ------
Ratio of earnings to
fixed charges..... 2.2x 1.6x 2.1x 2.2x -- --
Earnings were not sufficient to cover fixed charges by $7,487 and $1,744 for the
period from December 16, 1997 through June 30, 1998 and the fiscal year ended
June 30, 1999, respectively.