EX-12.1 4 y57342ex12-1.htm EX-12.1: COMPUTATION OF RATIO OF EARNINGS EX-12.1: COMPUTATION OF RATIO OF EARNINGS
 

Exhibit 12.1

Computation of Ratio of Earnings To Fixed Charges

                                           
For the Years Ended December 31,

2001 2000 1999 1998 1997





Net income (loss) before Taxes
    13,032       10,845       3,320       (34,924 )     10,140  
Fixed Charges:
                                       
 
Interest Expense
    13,015       14,084       14,566       3,545        
 
Interest Factor of Operating Rents
    316       320       281       182       171  
     
     
     
     
     
 
 
Total Fixed Charges
    13,331       14,404       14,847       3,727       171  
     
     
     
     
     
 
Adjusted Earnings
    26,363       25,249       18,167       (31,197 )     10,311  
     
     
     
     
     
 
Ratio of Earnings to Fixed Charges
    2.0       1.8       1.2       (a)       (b)  


(a):  Earnings were not sufficient to cover fixed charges by $34,924 in 1998.

(b):  The ratio of earning to fixed charges has been excluded for the year ended December 31, 1997 as fixed charges were less than $200 in that year.