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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1994 1995 1996 1997 1998
--------- --------- --------- --------- ---------
Interest expense...... $2,836 $3,039 $ 2,771 $ 5,900 $14,062
Estimated interest
portion of rent
expense............. 174 335 381 468 694
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Fixed charges......... $3,010 $3,374 $ 3,152 $ 6,368 $14,756
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Income (loss) before
income taxes........ $3,408 $5,966 $ 8,499 $(5,761) 190
Fixed charges......... 3,010 3,374 3,152 6,368 14,756
Less: interest
charges capitalized.. (11) (30) (19) (29) (13)
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Earnings ............. $6,407 $9,310 $11,632 $ 578 $14,833
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Ratio of earnings to
fixed charges(A).... 2.1x 2.8x 3.7x -- 1.0x
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(A) Earnings were insufficient to cover fixed charges by $5,790 in
fiscal year 1997.