1 PRO FORMA CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES YEAR ENDED THREE MONTHS ENDED DECEMBER 31, 1995 MARCH 31, 1996 ----------------- ------------------ (DOLLARS IN THOUSANDS) Fixed Charges: Interest expense........................................ $13,044 $ 3,256 Implicit interest in rent............................... 5,244 1,302 Amortization of deferred finance charges................ 1,272 318 ------- ------- Total fixed charges............................. $19,560 $ 4,876 ======= ======= Earnings before provision for income taxes.............. $ 5,073 $ 5,634 Fixed charges........................................... 19,560 4,876 ------- ------- Earnings, as defined............................ $24,633 $ 10,510 ======= ======= Ratio of earnings to fixed charges...................... 1.26x 2.16x Deficiency of earnings to fixed charges................. -- -- ======= =======