EXHIBIT 12.1
SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
AND PRO FORMA RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN THOUSANDS)
PERIOD ENDED PERIOD ENDED YEAR ENDED
OCTOBER 25, DECEMBER 31, DECEMBER 31,
1995 1996 1996 1997
1994 --------- ------------- --------------- ---------------
-------------
(UNAUDITED)
Fixed Charges:
Interest Expense............................ $ 909 $ 1,039 $ 540 $ 374 $ 3,456
Pro forma interest adjustment............... -- -- -- -- --
Implicit Interest in Rent................... 207 299 230 57 396
------ --------- ------ ----- ------
Total Fixed Charges......................... 1,116 1,338 770 431 3,852
Earnings:
Earnings before provision for income
taxes..................................... 179 491 1,789 532 1,391
Earnings before provision for income taxes,
after pro forma interest adjustment....... -- -- -- -- --
Fixed Charges............................... 1,116 1,338 770 431 3,852
------ --------- ------ ----- ------
Earnings, as defined........................ $ 1,295 $ 1,829 $ 2,559 $ 963 $ 5,243
Ratio of Earnings to fixed charges............ 1.16x 1.37x 3.32x 2.23x 1.36x
Deficiency of Earnings........................ N/A N/A N/A N/A N/A
PRO FORMA FOR PRO FORMA
DECEMBER 31, DECEMBER 31, PERIOD ENDED ENDED MARCH
1998 1998 MARCH 31, 1999 31, 1999
------------- ------------- --------------- -----------
Fixed Charges:
Interest Expense............................ $ 11,765 $ 11,765 $ 4,346 $ 4,346
Pro forma interest adjustment............... -- (2,163) -- (541)
Implicit Interest in Rent................... 954 954 598 598
------------- ------------- ------ -----------
Total Fixed Charges......................... 12,719 10,556 4,944 4,403
Earnings:
Earnings before provision for income
taxes..................................... (2,329) (2,329) 1,018 1,018
Earnings before provision for income taxes,
after pro forma interest adjustment....... -- 2,163 -- 541
Fixed Charges............................... 12,719 10,556 4,944 4,403
------------- ------------- ------ -----------
Earnings, as defined........................ $ 10,390 $ 10,390 5,962 $ 5,962
Ratio of Earnings to fixed charges............ N/A N/A 1.21x 1.35x
Deficiency of Earnings........................ $ 2,329 $ 166 N/A N/A