Exhibit 12.1 School Specialty, Inc. Ratio of Earnings to Fixed Charges (Dollars in Thousands) Six Months Ended Fiscal Year (1) ------------------------------------------------------------------- October 26, 2002 2002 2001 2000 1999 1998 ---------------- ---- ---- ---- ---- ---- Earnings - -------- Income before income taxes $ 88,382 $ 36,300 $ 21,006 $ 33,635 $ 17,615 $ 10,719 Plus: Fixed charges 10,465 20,052 18,941 15,003 14,084 6,522 Amortization of capitalized interest 24 28 - - - - Less interest capitalized during period - 240 - - - - ---------------- ----------- ----------- ----------- ----------- ----------- $ 98,871 $ 56,140 $ 39,947 $ 48,638 $ 31,699 $ 17,241 ================ =========== =========== =========== =========== =========== Fixed Charges - ------------- Interest (expensed or capititalized) $ 8,428 $ 15,964 $ 16,393 $ 12,767 $ 12,267 $ 5,505 Estimated portion of rent expense representative of interest 1,241 2,519 1,958 1,661 1,349 1,017 Amortization of deferred financing fees 796 1,569 590 575 468 - ---------------- ----------- ----------- ----------- ----------- ----------- $ 10,465 $ 20,052 $ 18,941 $ 15,003 $ 14,084 $ 6,522 ================ =========== =========== =========== =========== =========== Ratio of earnings to fixed charges 9.4 2.8 2.1 3.2 2.3 2.6 ================ =========== =========== =========== =========== =========== (1) All fiscal years presented were 52 weeks, except for fiscal 2000, which had 53 weeks.