Exhibit 12.1
Ratio of earnings to fixed charges
January 3, January 2, January 1, December 30, December 29,
1998 1999 2000 2000 2001
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Earnings (1) 25,205,800 26,022,400 36,065,600 40,598,000 50,319,700
Fixed Charges 10,867,933 9,705,400 8,957,967 19,841,133 25,272,533
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Total 36,073,733 35,727,800 45,023,567 60,439,133 75,592,233
[divided by]
Fixed Charges 10,867,933 9,705,400 8,957,967 19,841,133 25,272,533
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Ratio of earnings to
fixed charges 3.3 3.7 5.0 3.0 3.0
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Fixed Charges:
Interest Expense 8,220,900 7,293,100 6,503,600 15,462,700 17,697,700
Amortization of
deferred financing
costs 52,900 48,800 48,800 401,300 1,085,900
1/3 of Net Rent Expense 2,594,133 2,363,500 2,405,567 3,977,133 6,488,933
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Total Fixed Charges 10,867,933 9,705,400 8,957,967 19,841,133 25,272,533
Pro Forma June 7, 2002 Pro forma
December 29, September 29, December 30, 2001 to September 28, September 28,
2001 2001 to June 6, 2002 2002 2002
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Earnings (1) 27,725,000 36,356,100 33,193,700 21,230,800 41,596,000
Fixed Charges 41,992,762 18,462,900 9,580,400 13,552,700 31,580,000
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Total 69,717,762 54,819,000 42,774,100 34,783,500 73,176,000
[divided by]
Fixed Charges 41,992,762 18,462,900 9,580,400 13,552,700 31,580,000
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Ratio of earnings to
fixed charges 1.7 3.0 4.5 2.6 2.3
==================================================================================
Fixed Charges:
Interest Expense 33,015,000 13,483,100 6,143,900 10,713,600 24,847,000
Amortization of
deferred financing
costs 1,644,429 113,100 213,100 562,500 1,233,000
1/3 of Net Rent Expense 7,333,333 4,866,700 3,223,400 2,276,600 5,500,000
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Total Fixed Charges 41,992,762 18,462,900 9,580,400 13,552,700 31,580,000
(1) Represents earnings before patronage dividends.