Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - SCHOOL SPECIALTY INC | d304885d10q.htm |
| EX-31.2 - SECTION 302 CFO CERTIFICATION - SCHOOL SPECIALTY INC | d304885dex312.htm |
| EX-32.1 - SECTION 906 CEO CERTIFICATION - SCHOOL SPECIALTY INC | d304885dex321.htm |
| EX-31.1 - SECTION 302 CEO CERTIFICATION - SCHOOL SPECIALTY INC | d304885dex311.htm |
| EX-32.2 - SECTION 906 CFO CERTIFICATION - SCHOOL SPECIALTY INC | d304885dex322.htm |
| EXCEL - IDEA: XBRL DOCUMENT - SCHOOL SPECIALTY INC | Financial_Report.xls |
Exhibit 12.1
School Specialty, Inc.
Ratio of Earnings to Fixed Charges
(Dollars in Thousands)
| Nine Months Ended |
||||||||||||||||||||||||
| January 28 2012 |
2011 | 2010 | Fiscal Year 2009 |
2008 | 2007 | |||||||||||||||||||
| Earnings |
||||||||||||||||||||||||
| Income/loss before income taxes— |
||||||||||||||||||||||||
| Continuing operations |
$ | (95,552 | ) | $ | (428,367 | ) | $ | 44,231 | $ | 45,100 | $ | 62,855 | $ | 54,967 | ||||||||||
| Discontinued operations |
— | — | — | — | (10,230 | ) | (34,438 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Subtotal |
(95,552 | ) | (428,367 | ) | 44,231 | 45,100 | 52,625 | 20,529 | ||||||||||||||||
| Plus: |
||||||||||||||||||||||||
| Fixed charges |
22,857 | 30,415 | 33,258 | 33,251 | 34,408 | 32,357 | ||||||||||||||||||
| Amortization of capitalized interest |
109 | 146 | 146 | 104 | 72 | 36 | ||||||||||||||||||
| Less interest capitalized during period |
— | (172 | ) | (180 | ) | (70 | ) | (272 | ) | (336 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| $(72,586) | $ | (397,978 | ) | $ | 77,455 | $ | 78,385 | $ | 86,833 | $ | 52,586 | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Fixed Charges |
||||||||||||||||||||||||
| Interest (expensed or capitalized) |
$ | 18,806 | $ | 25,538 | $ | 27,773 | $ | 28,174 | $ | 29,243 | $ | 27,875 | ||||||||||||
| Estimated portion of rent expense representative of interest |
1,894 | 2,513 | 2,872 | 3,117 | 3,206 | 3,117 | ||||||||||||||||||
| Amortization of deferred financing fees |
2,157 | 2,364 | 2,613 | 1,960 | 1,959 | 1,365 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| $ | 22,857 | $ | 30,415 | $ | 33,258 | $ | 33,251 | $ | 34,408 | $ | 32,357 | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Ratio of earnings to fixed charges |
(3.2 | )(1) | (13.1 | )(2) | 2.3 | 2.4 | 2.5 | 1.6 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| (1) | Earnings for fiscal 2012 were inadequate to cover fixed charges. The coverage deficiency was $98,000. |
| (2) | Earnings for fiscal 2011 were inadequate to cover fixed charges. The coverage deficiency was $428,000. |