Exhibit 11.1 SEALY CORP COMPUTATION OF RATIO'S OF EARNINGS TO FIXED CHARGES Six Months Six Months Ended Ended 12/01/96 11/30/97 11/29/98 11/28/1999 11/26/2000 5/28/2000 5/27/2001 -------- -------- -------- ---------- ---------- --------- --------- Pre-tax income from operations 24,773 40,611 (22,554) 32,382 57,372 23,859 12,035 Fixed charges: Interest expense and amortization of debt discount and financing costs 28,797 31,396 67,451 64,999 65,843 32,372 35,090 Rentals - 33%(b) 3,559 3,505 3,881 3,476 3,978 1,763 1,998 ------ ------ ------ ------ ------ ------ ------ Total Fixed charges 32,356 34,901 71,332 68,475 69,821 34,135 37,088 ------ ------ ------ ------ ------ ------ ------ Earnings before income taxes and fixed charges 57,129 75,512 48,778 100,857 127,193 57,994 49,123 ====== ====== ====== ======= ======= ====== ====== Ratio of earnings to fixed charges 1.8 2.2 -- 1.5 1.8 1.7 1.3 ====== ====== ====== ======= ======= ====== ====== (a) For the year ended November 29, 1998, earnings were insufficient to cover fixed charges by $22.6 million (b) The percent of rent included in the calculation is a reasonable approximation of the interest factor in the Company's operating leases.