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EXHIBIT 12.1.1
HOME PRODUCTS INTERNATIONAL, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
FOR THE FIVE YEARS ENDED DECEMBER 27, 1997
AND THE THIRTEEN WEEKS ENDED MARCH 28, 1998
THIRTEEN
WEEKS
YEAR ENDED ENDED
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DECEMBER 25, DECEMBER 31, DECEMBER 30, DECEMBER 28, DECEMBER 27, MARCH 28,
1993 1994 1995 1996 1997 1998
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(DOLLARS IN THOUSANDS)
EARNINGS:
Earnings (loss) before
interest, income taxes,
extraordinary charge, and
cumulative effect of change
in accounting principles $ 3,119 $ (4,783) $ (3,387) $ 1,513 $ 12,818 $ 5,150
Portion of rent expense
representing interest 105 133 127 118 395 151
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Total earnings $ 3,224 $ (4,650) $ (3,260) $ 1,631 $ 13,213 $ 5,301
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FIXED CHARGES:
Interest expense $ 1,066 $ 999 $ 896 $ 707 $ 5,152 $ 3,006
Capitalized interest - - - - - -
Portion of rent expense
representing interest 105 133 127 118 395 151
------- -------- -------- ------- -------- -------
Total fixed charges $ 1,171 $ 1,132 $ 1,023 $ 825 $ 5,547 $ 3,157
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RATIO OF EARNINGS TO
FIXED CHARGES: 2.8 - (a) - (a) 2.0 2.4 1.7
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(a) The 1994 and 1995 coverage deficiencies were $5.8 million and $4.3 million,
respectively.