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EXHIBIT 12.1
Hedstrom Holdings, Inc.
Computation of Ratio of Earnings to Fixed Charges
(In Thousands, Except Ratio)
FISCAL YEAR ENDED JULY 31,
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1992 1993 1994 1995 1996
Consolidated net income (loss) $ 96 $(1,916) $(2,961) $ 745 $ (8,116)
Loss from discontinued operations $ 0 $ 0 $ 3,180 $ 585 $ 0
Consolidated provision (benefit) for income taxes $ 257 $ 103 $ (663) $ 1,440 $ (3,857)
Fixed charges $ 2,728 $ 2,982 $ 2,512 $ 4,573 $ 5,896
TOTAL $ 3,081 $ (67) $ 3,304 $ 7,343 $ (6,077)
FIXED CHARGES $ 2,728 $ 2,512 $ 2,982 $ 4,573 $ 5,896
interest on debt and capitalized leases $ 2,728 $ 2,512 $ 2,982 $ 4,573 $ 5,896
TOTAL
RATIO (DEFICIENCY) OF EARNINGS TO FIXED CHARGES(A) 1.1x $(2,579) 1.1x 1.6x $(11,973)
Proforma Proforma
Five Months Ended Year Ended Six Months Ended
DECEMBER 31, DECEMBER 31, DECEMBER 31,
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1995 1996 1996 1997
Consolidated net income (loss) $ (8,160) $(4,771) $ 428 $ (26)
Loss from discontinued operations $ 0 $ 0 $ 0
Consolidated provision (benefit) for income taxes $ (4,488) $(2,869) $ 1,056 $ 573
Fixed charges $ 1,773 $ 2,115 $28,493 $14,260
TOTAL $(10,875) $(5,525) $29,977 $14,807
FIXED CHARGES $ 1,773 $ 2,115 $28,493 $14,260
interest on debt and capitalized leases $ 1,773 $ 2,115 $28,493 $14,260
TOTAL
RATIO (DEFICIENCY) OF EARNINGS TO FIXED CHARGES(A) $(12,648) $(7,640) 1.1x 1.0x
(A) If the ratio is less than 1.0x, the deficiency is shown