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EXHIBIT 12.1 STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Thousands) Year Ended
    
    
    Year Ended
    
    
    Year Ended
    
    
    Year Ended
    
    
    Year EndedMarch 31,
    
    
    March 31,
    
    
    March 31,
    
    
    March 31,
    
    
    March 31,2005
    
    
    2004
    
    
    2003
    
    
    2002
    
    
    2001Consolidated pretax income (loss) from
continuing operations
    
    $
    (27,352
    )
    
    
    (16,944
    )
    
    
    2,223
    
    
    
    (2,948
    )
    
    
    20,129Net amortization of debt issuance expense
    
    
    2,487
    
    
    
    2,191
    
    
    
    1,626
    
    
    
    1,420
    
    
    
    1,389Interest expense
    
    
    31,600
    
    
    
    31,984
    
    
    
    27,048
    
    
    
    28,553
    
    
    
    31,653Interest portion of rental expense
    
    
    1,423
    
    
    
    1,442
    
    
    
    1,507
    
    
    
    1,579
    
    
    
    1,766Earnings
    
    $
    8,158
    
    
    
    18,673
    
    
    
    32,404
    
    
    
    28,604
    
    
    
    54,937Interest expense
    
    $
    31,600
    
    
    
    31,984
    
    
    
    27,048
    
    
    
    28,553
    
    
    
    31,653Net amortization of debt issuance expense
    
    
    2,487
    
    
    
    2,191
    
    
    
    1,626
    
    
    
    1,420
    
    
    
    1,389Interest portion of rental expense
    
    
    1,423
    
    
    
    1,442
    
    
    
    1,507
    
    
    
    1,579
    
    
    
    1,766Fixed Charges
    
    $
    35,510
    
    
    
    35,617
    
    
    
    30,181
    
    
    
    31,552
    
    
    
    34,808Ratio of Earnings to Fixed Charges
    
    $
    (a
    )
    
    
    (a
    )
    
    
    1.07x
    
    
    
    (a
    )
    
    
    1.58x
 
 (a)
    
    The deficiency in earnings required to cover fixed charges for the fiscal years
ended March 31, 2005, 2004 and 2002 was $27,352, $16,944 and $2,948, respectively. The
deficiency in earnings to cover fixed charges is computed by subtracting earnings
before fixed charges, income taxes and discontinued operations from fixed charges.
Fixed charges consist of interest expense, net amortization of debt issuance expense
(recorded as a component of interest expense in the consolidated financial statements),
and that portion of operating lease rental expense which we deem to be representative
of interest. The deficiency in earnings required to cover fixed charges includes
depreciation of property, plant and equipment and amortization of goodwill and other
assets and non-cash charges which are reflected in cost of sales and selling, general
and administrative expenses, in the following amounts (in thousands): Fiscal Year Ended March 31,2005
    
    
    2004
    
    
    2002Depreciation
    
    $
    22,594
    
    
    $
    23,587
    
    
    $
    26,209Amortization
    
    
    457
    
    
    
    675
    
    
    
    4,175Non-cash charges
    
    
    1,768
    
    
    
    3,753
    
    
    
    4,723Total
    
    $
    24,819
    
    
    $
    28,015
    
    
    $
    35,107