EXHIBIT 12.1
SUPPLEMENTAL SCHEDULE - CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(AMOUNTS IN THOUSANDS)
Year ended June 30,
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1997 1998 1999 2000
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RATIO OF EARNINGS TO FIXED CHARGES:
Earnings:
Pretax income from continuing operations $ 1,708 $ 943 $ 2,922 $ 8,320
Add:
Fixed charges 10,197 12,501 20,673 23,219
Distributions received from unconsolidated partnerships (14) 123 656 450
Less - equity in income of unconsolidated partnerships (566) (707) (548) (817)
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Total earnings 11,325 12,860 23,703 31,172
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Fixed Charges:
Interest expense 4,066 6,827 14,500 18,696
Interest factor of rental expense (a) 6,131 5,674 6,173 4,523
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Total fixed charges 10,197 12,501 20,673 23,219
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Ratio of earnings to fixed charges 1.1 1.0 1.1 1.3
(a) COMPUTATION OF INTEREST FACTOR OF RENTAL EXPENSE:
Operating rental expense (e) 18,396 17,023 18,522 13,569
Interest factor 33% 33% 33% 33%
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Total 6,131 5,674 6,173 4,523
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Year ended June 30, Three months ended September 30,
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Pro Forma Pro Forma
2001 2001 2000 2001 2001
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RATIO OF EARNINGS TO FIXED CHARGES:
Earnings:
Pretax income from continuing operations $ 16,425 $ 4,019 (1) $ 3,063 $ 7,384 $ 3,505
Add:
Fixed charges 26,036 38,442 6,796 6,052 9,931
Distributions received from unconsolidated partnerships 970 970 - 334 334
Less - equity in income of unconsolidated partnerships (971) (971) - (328) (328)
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Total earnings 42,460 42,460 9,859 13,442 13,442
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Fixed Charges:
Interest expense 23,394 35,800 6,032 5,336 9,215
Interest factor of rental expense (a) 2,642 2,642 764 716 716
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Total fixed charges 26,036 38,442 6,796 6,052 9,931
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Ratio of earnings to fixed charges 1.6 1.1 1.5 2.2 1.4
(a) COMPUTATION OF INTEREST FACTOR OF RENTAL EXPENSE:
Operating rental expense (e) 7,928 7,928 2,292 2,148 2,148
Interest factor 33% 33% 33% 33% 33%
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Total 2,642 2,642 764 716 716
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(1) pretax of 9,549, less adjustment for amort of 5,530