1 Exhibit 12 RATIO OF EARNINGS TO FIXED CHARGES (in thousands) Pro Forma Pro Forma Nine Months Ended --------- --------- Year Ended December 31, ----------------------- Year Nine Months ---------------------------------------------- Sept. 26, October 2, December 31, October 2, 1994 1995 1996 1997 1998 1998 1999 1998 1999 ------- -------- -------- -------- -------- ---------- ---------- ------------ ---------- Income (loss) before income taxes and losses from equity investees $6,979 $ 7,684 $ 7,475 $12,295 $21,140 $15,283 $(4,547) $ 6,585 $ (790) Add: Portion of rents representative of interest factor 1,127 1,248 1,116 1,232 1,333 1,287 1,270 1,333 1,270 Interest on indebtedness 1,300 1,490 1,548 1,465 1,175 819 1,097 12,990 9,743 Amortization of debt issuance costs -- -- -- -- -- -- -- 816 612 Accretion of debt discount -- -- -- -- -- -- -- 225 169 ------- -------- -------- -------- -------- ---------- ---------- ------------ ---------- Income as adjusted 9,406 10,422 10,139 14,992 23,648 17,389 (2,180) 21,724 11,004 ------- -------- -------- -------- -------- ---------- ---------- ------------ ---------- Fixed charges: Portion of rents representative of interest factor 1,127 1,248 1,116 1,232 1,333 1,287 1,270 1,333 1,270 Interest on indebtedness 1,300 1,490 1,548 1,465 1,175 819 1,097 12,990 9,743 Amortization of debt issuance costs -- -- -- -- -- -- -- 816 612 Accretion of debt discount -- -- -- -- -- -- -- 225 250 ------- -------- -------- -------- -------- ---------- ---------- ------------ ---------- Fixed charges 2,427 2,738 2,664 2,697 2,508 2,106 2,367 15,364 11,875 ------- -------- -------- -------- -------- ---------- ---------- ------------ ---------- Ratio of earnings to fixed charges 3.9 3.8 3.8 5.6 9.4 8.3 (A) 1.4 (B) ======= ======== ======== ======== ======== ========== ========== ============ ========== (A) Due to the Company's loss in the nine month period ended October 2, 1999, the ratio coverage was less than 1:1. The Company must generate additional earnings of $187 to achieve a coverage ratio of 1:1. (B) Due to the Company's Pro Forma loss in the nine month period ended October 2, 1999, the ratio coverage was less than 1:1. The Company must generate additional pro forma earnings of $871 to achieve a coverage ratio of 1:1.