Exhibit 12.1
Period
Six From
Months January 4,
Fiscal Ended 2003
-------------------------------------------- July 6, February 4,
1998 1999 2000 2001 2002 2002 2003
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Fixed charge coverage ratio:
Details of fixed charges coverage ratio
Interest expense $ 63.8 $ 81.0 $ 172.2 $ 122.8 $ 22.0 $ 10.1 $ 1.9
Capitalized interest - - - - - - -
Interest on operating leases 31.3 53.8 59.3 45.2 27.6 13.8 1.3
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Total Fixed charges $ 95.1 $134.8 $ 231.5 $ 168.0 $ 49.6 $ 23.9 $ 3.2
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Pre-tax income (loss) from continuing operations $ 21.8 $124.4 $(355.8) $(710.2) $(109.3) $(36.6) $2,436.7
Fixed charges 95.1 134.8 231.5 168.0 49.6 23.9 3.2
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Total adjusted earnings $116.9 $259.2 $(124.3) $(542.2) $ (59.7) $(12.7) $2,439.9
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Fixed charge coverage (1) 1.23 1.92 n/a n/a n/a n/a 768.42
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Deficit of Earnings to Fixed Charges (1) n/a n/a $ 355.8 $ 710.2 $ 109.3 $ 36.6 n/a
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Pro Forma
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Period Combined
From Combined Last Twelve
February 5, First First Months
2003 Half of Half of Ended
July 5, Fiscal Fiscal Fiscal July 5,
2003 2002 2002 2003 2003
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Fixed charge coverage ratio:
Details of fixed charges coverage ratio
Interest expense $ 9.9 $ 31.7 $ 16.6 $ 12.4 $ 27.5
Capitalized interest - - - - -
Interest on operating leases 6.4 27.3 13.6 7.7 21.4
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Total Fixed charges $ 16.3 $ 59.0 $ 30.2 $ 20.1 $ 48.9
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Pre-tax income (loss) from continuing operations $ 24.0 $ 51.1 $ 42.5 $ 53.5 $ 62.1
Fixed charges 16.3 59.0 30.2 20.1 48.9
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Total adjusted earnings $ 40.3 $110.1 $ 72.7 $ 73.6 $111.0
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Fixed charge coverage (1) 2.47 1.87 2.41 3.66 2.27
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Deficit of Earnings to Fixed Charges (1) n/a n/a n/a n/a n/a
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