EX-12.1 2 a2146312zex-12_1.htm EXHIBIT 12.1
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Exhibit 12.1

 
  For the three months ended September 30,
  For the nine months ended September 30,
 
 
  2004
  2003
  2004
  2003
 
 
  (in thousands)

 
Fixed Charges Computation:                          
Preferred stock dividend   $ 740   $ 1,194   $ 1,512   $ 1,491  

Interest expense, including amortization of debt issuance costs, on convertible debt

 

 

1,265

 

 

344

 

 

2,320

 

 

344

 
   
 
 
 
 
  Total fixed charges and preferred dividends     2,005     1,538     3,832     1,835  

Earnings Computation:

 

 

 

 

 

 

 

 

 

 

 

 

 

Profit before equity in income of investee

 

 

11,383

 

 

8,685

 

 

29,122

 

 

7,537

 
Add:                          
  Fixed charges     2,005     1,538     3,832     1,835  
   
 
 
 
 
  Earnings as adjusted   $ 13,388   $ 10,223   $ 32,954   $ 9,372  
   
 
 
 
 
Ratio of earning to fixed charges     10.6 x   29.7 x   14.2 x   27.2 x

Ratio of earning to fixed charges and preferred dividends

 

 

6.7

x

 

6.6

x

 

8.6

x

 

5.1

x

2




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