Attached files

file filename
EX-3.2 - ARTICLES OF AMENDMENT DATED AUGUST 18,2009 - SCHOOL SPECIALTY INCdex32.htm
EX-32.1 - CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 BY CEO - SCHOOL SPECIALTY INCdex321.htm
EX-31.2 - CERTIFICATION PURSUANT TO RULE 13A-14(A) BY CFO - SCHOOL SPECIALTY INCdex312.htm
EX-32.2 - CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 BY CFO - SCHOOL SPECIALTY INCdex322.htm
EX-99.1 - SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS - SCHOOL SPECIALTY INCdex991.htm
EX-21.1 - SUBSIDIARIES OF SCHOOL SPECIALTY - SCHOOL SPECIALTY INCdex211.htm
EX-31.1 - CERTIFICATION PURSUANT TO RULE 13A-14(A) BY CEO - SCHOOL SPECIALTY INCdex311.htm
EX-23.1 - CONSENT OF DELOITTE & TOUCHE LLP - SCHOOL SPECIALTY INCdex231.htm
EX-10.18 - EMPLOYMENT AGREEMENT RACHEL P. MCKINNEY - SCHOOL SPECIALTY INCdex1018.htm
EX-10.19 - AMENDMENT TO EMPLOYMENT AGREEMENT RACHEL P. MCKINNEY - SCHOOL SPECIALTY INCdex1019.htm
10-K - FORM 10-K - SCHOOL SPECIALTY INCd10k.htm

EXHIBIT 12.1

SCHOOL SPECIALTY, INC.

RATIO OF EARNINGS TO FIXED CHARGES

(dollars in thousands)

 

     Fiscal Year  
     2010     2009 (1)     2008 (1)     2007 (1)(2)     2006 (1)  
Earnings           

Income before income taxes - Continuing operations

   $ 44,231      $ 45,100      $ 62,855      $ 54,967      $ 27,014   

Discontinued operations

     —          —          (10,230     (34,438     (29,572
                                        

Subtotal

     44,231        45,100        52,625        20,529        (2,558

Plus:

          

Fixed charges

     33,258        33,251        34,408        32,357        22,776   

Amortization of capitalized interest

     146        104        72        36        49   

Less interest capitalized during period

     (180     (70     (272     (336     —     
                                        
   $ 77,455      $ 78,385      $ 86,833      $ 52,586      $ 20,267   
                                        
Fixed Charges           

Interest (expensed or capitalized)

   $ 27,773      $ 28,174      $ 29,243      $ 27,875      $ 21,766   

Estimated portion of rent expense representative of interest

     2,872        3,117        3,206        3,117        3,511   

Amortization of deferred financing fees

     2,613        1,960        1,959        1,365        1,314   
                                        
   $ 33,258      $ 33,251      $ 34,408      $ 32,357      $ 26,591   
                                        

Ratio of earnings to fixed charges

     2.3        2.4        2.5        1.6        0.8   
                                        

 

(1) See Note 8 of Notes to Consolidated Financial Statements regarding adjustment pursuant to ASC Topic 470-20.
(2) The restatement described in Footnote 17 of the Financial Statements has been reflected in selling, general, and administrative expenses and equity.