EXHIBIT 12.1
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
AND COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(DOLLARS IN THOUSANDS)
HISTORICAL PRO FORMA
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FISCAL YEAR THREE MONTHS FISCAL YEAR THREE MONTHS THREE MONTHS
ENDED ENDED ENDED ENDED ENDED
1997 4/3/98 1997 4/3/98 4/4/97
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Interest expense............................ $ 5,900 $ 2,937 $ 14,666 $ 3,728 $ 3,670
Estimated interest portion of rent
expense.................................... 468 100 539 150 121
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Fixed charges............................... $ 6,368 $ 3,037 $ 15,205 $ 3,878 $ 3,791
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Income (loss) before income taxes........... $ (5,761) 720 4,301 660 646
Fixed charges............................... 6,368 3,037 15,205 3,878 3,791
Less; interest charges capitalized.......... (29) (9) (29) (9) (4)
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Earnings.................................... $ 578 $ 3,748 $ 19,477 $ 4,529 $ 4,433
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Ratio of earnings to fixed charges(A)....... -- 1.2x 1.3x 1.2x 1.2x
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Fixed Charges............................... 6,368 3,037 15,205 3,878 3,791
Preferred stock dividend requirements....... 1,039 738 3,814 953 953
Accretion of carrying value of preferred
stock...................................... 139 102 403 101 101
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Combined fixed charges and preferred stock
dividends.................................. 7,546 3,877 19,422 4,932 4,845
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Ratio of earnings to combined fixed charges
and preferred stock dividends(B)........... -- -- 1.0x -- --
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(A) Earnings were insufficient to cover fixed charges by $5,790 in fiscal year
1997.
(B) Earnings were insufficient to cover combined fixed charges and preferred
stock dividends by $6,968 for fiscal year 1997, $129 in the three months
ended April 3, 1998 and $403 for the pro forma three months ended April 3,
1998 and $412 for the pro forma three months ended April 4, 1997.