Exhibit 12.1 School Specialty, Inc. Ratio of Earnings to Fixed Charges (Dollars in Thousands) Three Months Ended Fiscal Year (1) July 26, ------------------------------------------------------------------------ 2003 2003 2002 2001 2000 1999 ------------ ------------ ------------ ------------ ------------ ------------ Earnings Income before income taxes $ 44,459 $ 66,037 $ 36,300 $ 21,006 $ 33,635 $ 17,615 Plus: Fixed charges 4,885 20,840 20,052 18,941 15,003 14,084 Amortization of capitalized interest 12 48 28 -- -- -- Less interest capitalized during period -- -- 240 -- -- -- ------------ ------------------------------------------------------------------------ $ 49,356 $ 86,925 $ 56,140 $ 39,947 $ 48,638 $ 31,699 ============ ======================================================================== Fixed Charges Interest (expensed or capititalized) $ 3,865 $ 16,042 $ 15,964 $ 16,393 $ 12,767 $ 12,267 Estimated portion of rent expense representative of interest 643 2,675 2,519 1,958 1,661 1,349 Amortization of deferred financing fees 377 2,123 1,569 590 575 468 ------------ ------------------------------------------------------------------------ $ 4,885 $ 20,840 $ 20,052 $ 18,941 $ 15,003 $ 14,084 ============ ======================================================================== Ratio of earnings to fixed charges 10.1 4.2 2.8 2.1 3.2 2.3 ============ ======================================================================== <FN> <F1> (1) All fiscal years presented were 52 weeks, except for fiscal 2000, which had 53 weeks. </FN>