EXHIBIT 12.1
Computation of Ratios of Earnings to Combined Fixed Charges
and Preferred Stock Dividends
(dollars in thousands)
Fiscal Year Nine Months
--------------------------------------------- -----------------
Ended Ended
Jan. 2, Dec. 27,
1994 1995 1996 1997 1998 1999 1997
------ ------ ------ ------ ------ ------ ------
Interest expense 2,722 2,979 3,540 1,824 3,340 7,640 977
Estimated interest portion of rent
expense 41 59 62 55 66 73 48
------ ------ ------ ------ ------ ------ ------
Fixed charges 2,763 3,038 3,602 1,879 3,406 7,713 1,025
Income (loss) before income taxes (1,338) (358) (1,460) 3,709 9,221 (1,561) 8,980
Fixed charges 2,763 3,038 3,602 1.879 3,406 7,713 1,025
Earnings 1,425 2,680 2,142 5,588 12,627 6,152 10,005
Fixed charges 2,763 3,038 3,602 1,879 3,406 7,713 1,025
Preferred stock dividend
requirements 150 988
Accretion of carrying value of
preferred stock 28 128
Combined fixed charges and
preferred stock dividends 2,763 3,038 3,602 1,879 3,584 8,829 1,025
Ratio of earnings to combined fixed
charges and preferred stock
dividends 0.52x 0.88x 0.59x 2.97x 3.52x 0.70x 9.76x