Computation of Ratio of Earnings to Fixed Charge Calculation Exhibit 12.1

(dollars in thousands)

|                                                                                 | Three Months
Ended
12/31/2003 | Six Months
Ended
3/31/2004 | Nine Months
Ended
6/30/2004
|-------------------------------------------------------------------------------- | ----------------------------- | -------------------------- | ---------------------------
|Pre-tax income (loss) from continuing operations                                 |                               |                            |                            
|                                                                                 |                               |                            |                            
|Fixed charges:                                                                   |                               |                           
|Interest expense + Amortization of deferred financing from continuing operations |                               |                            |                            
|Interest factor of rental expense (1)                                            |                               |                            |                            
|                                                                                 |                               |                            |                            
|Total fixed charges                                                              |                               |                            |                            
|                                                                                 |                               |                            |                            
|Pre-tax income  from continuing operations plus fixed charges                    |                               |                            |                            
|                                                                                 |                               |                            |                            
|Ratio of Earnings to Fixed Charge                                                |                               |                            |                            
|                                                                                 |                               |                            |                            

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|(1) | One-third of rental expense relating to operating leases is attributed to the
                    interest portion. Management believes this respresents a reasonable
                    approximation of the interest factor.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(2) | For the three months ended December
                    31, 2003 the ratio coverage was less than 1:1. The Company must generate
                    additional earnings of $3,150 to achieve a coverage ratio of 1:1.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------