EXHIBIT 12.1
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
AND COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(DOLLARS IN THOUSANDS)
FISCAL YEAR ENDED
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1993 1994 1995 1996 1997
--------- --------- --------- --------- ---------
Interest expense...... $ 2,909 $2,836 $3,039 $ 2,771 $ 5,900
Estimated interest
portion of rent
expense............. 283 174 335 381 468
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Fixed charges......... $ 3,192 $3,010 $3,374 $ 3,152 $ 6,368
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Income (loss) before
income taxes........ $(1,036) $3,408 $5,966 $ 8,499 $(5,761)
Fixed charges......... 3,192 3,010 3,374 3,152 6,368
Less: interest
charges capitalized.. (12) (11) (30) (19) (29)
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Earnings ............. $ 2,144 $6,407 $9,310 $11,632 $ 578
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Ratio of earnings to
fixed charges(A).... -- 2.1x 2.8x 3.7x --
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(A) Earnings were insufficient to cover fixed charges by $1,048 and $5,790 in
fiscal years 1993 and 1997, respectively.