EXHIBIT 12.1
BLUE BIRD CORPORATION AND SUBSIDIARIES
BLUE BIRD BODY COMPANY AND SUBSIDIARIES
STATEMENTS RE COMPUTATION OF EARNINGS TO FIXED CHARGES
FOR THE YEARS ENDED NOVEMBER 1, 1997, NOVEMBER 2, 1996, OCTOBER 28, 1995,
OCTOBER 29, 1994 AND OCTOBER 30, 1993.
(In Thousands Except Ratios)
BBC
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NOVEMBER 1, NOVEMBER 2, OCTOBER 28, OCTOBER 29, OCTOBER 30,
1997 1996 1995 1994 1993
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FIXED CHARGES:
Interest expense...................... $ 32,488 $ 16,455 $ 16,282 $ 15,224 $ 15,973
Interest element of rentals........... 539 473 536 521 448
Amortization of debt issuance costs... 1,266 2,688 2,245 2,209 2,202
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$ 34,293 $ 19,616 $ 19,063 $ 17,954 $ 18,623
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EARNINGS:
Net income (loss)..................... $ 10,597 $ 23,765 $ 16,852 $ 15,408 $ 9,595
Provision (benefit) for income taxes.. (4,473) 14,034 11,686 10,157 6,930
Fixed charges......................... 34,293 19,616 19,063 17,954 18,623
Interest capitalized.................. -0- -0- (208) (145) -0-
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$40,417 $57,415 $47,393 $43,374 $35,148
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RATIO OF EARNINGS TO FIXED CHARGES..... 1.2x 2.9x 2.5x 2.4x 1.9x
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