EXHIBIT 12.1
Period Period
Nine From From
Months January 4, February 5,
Fiscal Ended 2003 2003
----------------------------------------- October 5, February 4, October 4,
1998 1999 2000 2001 2002 2002 2003 2003
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Fixed charge coverage ratio:
Details of fixed charges coverage
ratio
Interest expense $ 63.8 $ 80.9 $ 172.2 $ 122.8 $ 22.0 $ 14.3 $ 1.9 $15.8
Capitalized interest - - - - - - - -
Interest on operating leases 31.3 53.5 58.3 44.3 26.8 20.1 1.2 9.7
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Total fixed charges $ 95.1 $134.4 $ 230.5 $ 167.1 $ 48.8 $ 34.4 $ 3.1 $25.6
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Pre-tax income (loss) from continuing
operations $ 21.8 $121.4 $(356.8) $(663.9) $(113.2) $(53.8) $2,436.7 $16.5
Fixed charges 95.1 134.4 230.5 167.1 48.8 34.4 3.1 25.6
------ ------ ------- ------- ------- ------ -------- -----
Total adjusted earnings $116.9 $255.8 $(126.3) $(496.8) $ (64.4) $(19.4) $2,439.8 $42.1
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Fixed charge coverage(1) 1.23 1.90 n/a n/a n/a n/a 785.97 1.65
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Deficit of earnings to fixed charges(1) n/a n/a $ 356.8 $ 663.9 $ 113.2 $ 53.8 n/a n/a
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Pro Forma
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Combined Combined
Nine Nine Last Twelve
Months Months Months
Ended Ended Ended
Fiscal October 5, October 4, October 4,
2002 2002 2003 2003
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Fixed charge coverage ratio:
Details of fixed charges coverage
ratio
Interest expense $ 31.6 $24.0 $18.4 $26.0
Capitalized interest - - - -
Interest on operating leases 26.4 19.8 11.0 17.6
------ ----- ----- -----
Total fixed charges $ 58.0 $43.8 $29.4 $43.6
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Pre-tax income (loss) from continuing
operations $ 46.7 $48.7 $52.6 $50.6
Fixed charges 58.0 43.8 29.4 43.6
------ ----- ----- -----
Total adjusted earnings $104.7 $92.5 $82.0 $94.2
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Fixed charge coverage(1) 1.80 2.11 2.79 2.16
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Deficit of earnings to fixed charges(1) n/a n/a n/a n/a
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(1) For the purposes of computing the ratio of earnings to fixed charges,
earnings are defined as income from continuing operations before income
taxes, plus fixed charges and less capitalized interest. Fixed charges are
defined as the sum of interest expense, including the amortization of
deferred financing costs, capitalized interest, and that portion of rental
expense which we believe to be representative of an interest factor. The
deficit of earnings to fixed charges represents the amount of earnings that
would be required to increase the ratio of earnings to fixed charges to 1.00
in those cases where earnings are less than the total fixed charges.