Attached files

file filename
10-Q - FORM 10-Q - SCHOOL SPECIALTY INCd10q.htm
EX-32.1 - SECTION 906 CEO CERTIFICATION - SCHOOL SPECIALTY INCdex321.htm
EX-31.2 - SECTION 302 CFO CERTIFICATION - SCHOOL SPECIALTY INCdex312.htm
EX-31.1 - SECTION 302 CEO CERTIFICATION - SCHOOL SPECIALTY INCdex311.htm
EX-32.2 - SECTION 906 CFO CERTIFICATION - SCHOOL SPECIALTY INCdex322.htm

Exhibit 12.1

School Specialty, Inc.

Ratio of Earnings to Fixed Charges

(Dollars in Thousands)

 

     Three Months
Ended
July 24, 2010
    2010     2009     Fiscal Year
2008
    2007     2006  

Earnings

            

(Loss)/income before income taxes - Continuing operations

   $ (389,296   $ 44,231      $ 45,100      $ 62,855      $ 54,967      $ 27,014   

Discontinued operations

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

Subtotal

     (389,296     44,231        45,100        52,625        20,529        (2,558

Plus:

            

Fixed charges

     8,738        33,258        33,251        34,408        32,357        22,776   

Amortization of capitalized interest

     36        146        104        72        36        49   

Less interest capitalized during period

     —          (180     (70     (272     (336     —     
                                                
   $ (380,522   $ 77,455      $ 78,385      $ 86,833      $ 52,586      $ 20,267   
                                                

Fixed Charges

            

Interest (expensed or capitalized)

   $ 7,479      $ 27,773      $ 28,174      $ 29,243      $ 27,875      $ 21,766   

Estimated portion of rent expense representative of interest

     644        2,872        3,117        3,206        3,117        3,511   

Amortization of deferred financing fees

     615        2,613        1,960        1,959        1,365        1,314   
                                                
   $ 8,738      $ 33,258      $ 33,251      $ 34,408      $ 32,357      $ 26,591   
                                                

Ratio of earnings to fixed charges

     (43.5 ) (1)      2.3        2.4        2.5        1.6        0.8 (2) 
                                                

 

(1)

Earnings for the three months ended July 24, 2010 were inadequate to cover fixed charges. The coverage deficiency was $388,900.

(2)

Earnings for the fiscal year ended April 29, 2006 were inadequate to cover fixed charges. The coverage deficiency was $6,324.

 

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