EX-12.1 4 a2073029zex-12_1.htm EXHIBIT 12.1
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Exhibit 12


Statements Regarding Computations of Ratios of Earnings to Fixed Charges

        The following table sets forth the ratio of earnings to fixed charges for our company and our subsidiaries for each of the periods indicated. We calculated the ratio of earnings to fixed charges by dividing earnings by total fixed charges. Earnings consist of pretax income plus fixed charges. Fixed charges are defined as the sum of interest expensed plus amortized capitalized expenses related to indebtedness plus an estimate of the interest within rental expense.

 
  Years Ended December 31,
 
(in thousands)(unaudited)

  2001
  2000
  1999
 
Earnings:                    
Income (loss) before provision for income taxes and minority interest   $ (137,281 ) $ (54,536 ) $ 14,015  
Fixed charges     12,643     9,408     1,042  
Minority interest in pre-tax income of subsidiaries that have not incurred fixed charges     (732 )   (93 )    
   
 
 
 
    $ (125,370 ) $ (45,221 ) $ 15,057  
   
 
 
 
Fixed Charges:                    
Interest expensed   $ 10,460   $ 8,383   $ 922  
Amortized capitalized expenses related to indebtedness     835     553      
Estimate of interest within rental expense     1,348     472     120  
   
 
 
 
    $ 12,643   $ 9,408   $ 1,042  
   
 
 
 
Ratio of earnings to fixed charges     (1)   (1)   14.5 x

(1)
For the years ended December 31, 2001 and 2000, earnings were insufficient to cover fixed charges by $138.0 million and $54.6 million, respectively.



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Statements Regarding Computations of Ratios of Earnings to Fixed Charges