EX-12.1 7 g64168a2ex12-1.txt CALCULATION OF RATIO OF EARNINGS 1 EXHIBIT 12.1 COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS AS OF THE DATES INDICATED In thousands
12/31/2000 12/31/1999 12/31/1998 12/31/1997 1/31/1997 ---------- ---------- ---------- ---------- --------- EARNINGS Pre-tax income (loss) (33,839) 4,494 (1,622) (4,434) 1,528 Interest 2,117 1,335 966 198 182 -------- ------ ------ ------ ------ TOTAL EARNINGS (31,722) 5,829 (656) (4,236) 1,710 ======== ====== ====== ====== ====== FIXED CHARGES: Interest 2,117 1,335 966 198 182 -------- ------ ------ ------ ------ TOTAL FIXED CHARGES 2,117 1,335 966 198 182 ======== ====== ====== ====== ====== Ratio of Earnings to Fixed Charges (1) 4.37 (1) (1) 9.40
(1) Earnings were insufficient to cover fixed charges by $33,839, $1,622, $4,434 for the year ended December 31, 2000 and 1998, and the eleven months ended December 31, 1997, respectively.