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EXHIBIT 12
COMPUTATION OF RATIOS
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
10/28/95- 4/1/95-
3/31/98 3/31/97 3/31/96 10/27/95 3/31/95 3/31/94
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Income (loss) before income taxes $ 9,665 $2,614 $ 617 ($2,822) ($1,615) $2,133
ADD:
Portion of rents
representative of interest factor 1,736 440 54 73 143 105
Interest on indebtedness 10,710 3,388 1,096 1,048 1,267 1,658
------- ------ ------ ------- ------- ------
$22,111 $6,442 $1,767 ($1,701) ($205) $3,896
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FIXED CHARGES
Portion of rents
representative of interest factor 1,736 440 54 73 143 105
Interest on indebtedness 10,710 3,388 1,096 1,048 1,267 1,658
------- ------ ----- ------- ------- ------
$12,446 $3,828 $1,150 $ 1,121 $ 1,410 $1,763
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Ratio of Earnings to Fixed Charges $ 1.8 1.7 1.5 -- -- 2.2
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Deficiency of Earnings over
fixed charges -- -- -- ($2,822) ($1,615) --
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Nine Months Nine Months
Ended Ended
December 31 December 31
1998 1997
--------------------------
Income (loss) before income taxes $(1,185) $ 7,373
ADD:
Portion of rents
representative of interest factor 1,059 1,167
Interest on indebtedness 14,449 8,937
------- -------
$14,323 $17,477
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FIXED CHARGES
Portion of rents
representative of interest factor 1,059 1,167
Interest on indebtedness 14,449 8,937
------- ------
$15,508 $10,104
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Ratio of Earnings to Fixed Charges $ -- 1.7
Deficiency of Earnings over
fixed charges $(1,185) --
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