EX-12 3 ex12-1.htm EXHIBIT 12.1

EXHIBIT 12.1

Statement Re:

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)

    Years Ended December 31,
    1999
   2000
   2001
   2002
   2003
   2004
                                            (first six
months)

Earnings before provision for income taxes and equity in earnings of unconsolidated affiliate

      $ 63,309        $ 65,971        $ 102,197        $ 71,735        $ 84,056        $ 45,414  

Interest expense

      $ 1,331        $ 2,009        $ 1,493        $ 2,488        $ 6,322        $ 5,860  

Earnings available to cover interest expense

      $ 64,640        $ 67,980        $ 103,690        $ 74,156        $ 90,268        $ 51,224