Exhibit 12.1 Computation of Ratio of Earnings to Fixed Charges (in thousands of dollars, except ratios) Historical Pro forma Fiscal Years Ended ---------------------------------------------------------------------------------------------- Pro forma Pro forma before after 1/1/95 12/31/95 12/29/96 12/28/97 12/31/98 Coleman Coleman ---------- ---------- ---------- ---------- ---------- Merger Merger 12/31/98 12/31/98 ---------- ---------- Earnings: Pretax income from continuing operations ... $144,794.0 $ 60,635.0 $(261,805.0) $ 92,670.0 $(796,348.0) $(822,134.0) $(838,849.0) Add: Fixed charges, below ................... 10,774.3 15,571.7 16,654.7 14,747.7 141,257.7 154,395.7 161,834.7 Less: Interest capitalized (867.0) (3,268.0) (400.0) (900.0) (800.0) (800.0) (800.0) ---------------------------------------------------------------------------------------------- $154,701.3 $ 72,938.7 $(245,550.3) $106,517.7 $(655,890.3) $(668,538.3) $(677,814.3) ---------------------------------------------------------------------------------------------- Fixed Charges: Interest expense .......... $ 6,974.0 $ 9,437.0 $ 13,588.0 $ 11,381.0 $131,091.0 $144,229.0 $151,668.0 Capitalized interest ...... 867.0 3,268.0 400.0 900.0 800.0 800.0 800.0 1/3 rent expense .......... 2,933.3 2,866.7 2,666.7 2,466.7 9,366.7 9,366.7 9,366.7 ---------------------------------------------------------------------------------------------- $ 10,774.3 $ 15,571.7 $ 16,654.7 $ 14,747.7 $141,257.7 $154,395.7 $161,834.7 ---------------------------------------------------------------------------------------------- Ratio of earnings to fixed charges ................... 14.4 4.7 7.2 Amount by which earnings do not meet fixed charges ................... $262,205.0 $797,148.0 $822,934.0 $839,649.0