Exhibit 12.1
-- Computation of Ratio of Earnings to Fixed Charges
RBX
Corporation
RBX Group, Inc. --------------------------
--------------- Eight | Four
months | months
ended | ended
Year ended December 31, August 27, | December 31,
------------------------------------------- ---------- | -------------
|
|
1997 1998 1999 2000 2001 | 2001
---- ---- ---- ---- ---- | ----
(in thousands)
|
Income (loss) before income taxes, extraordinary items |
and changes in accounting principles .............. $(15,369) $(137,755) $(11,933) $(56,692) $16,223 | $(8,805)
Fixed charges .......................................... 22,810 28,075 28,266 27,732 2,241 | 1,788
Less: preference security dividend ..................... (876) (903) (932) (900) - | -
-------- ---------- --------- --------- ------- | -------
Earnings ............................................... (6,565) (110,583) 15,401 (29,860) 18,464 | 7,017
========= ========== ========= ========= ======= | =======
|
Interest expense, including |
amortization of deferred |
financing costs ................................... 20,872 26,038 26,361 25,943 1,689 | 1,559
One-third of rent expense ............................. 1,062 1,134 973 889 552 | 229
Preference security dividend .......................... 876 903 932 900 - | -
--------- ---------- --------- --------- -------- | -------
Fixed charges ......................................... 22,810 28,075 28,266 27,732 2,241 | 1,788
========= ========== ========= ========= ======== | =======
|
Ratio of earnings to fixed charges..................... - - - - 8.2 | -
========= ========== ========= ========= ======== | =======
|
Deficiency of earnings over fixed |
charges ........................................... $ 16,245 $ 138,658 $ 12,865 $ 57,592 $ - | $ 8,805
========= ========== ========= ========= ======== | =======