EX-12.1 2 x86814a4exv12w1.txt COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Exhibit 12.1 ALPHAMA INC. AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (In thousands, except for ratio data)
Nine Months ended September Year ended December 31, 30, ----------------------------------------------------------------- --------- 1999 2000 2001(1) 2002(1) 2003 2004(1) --------- --------- --------- --------- --------- --------- Income(loss) before provision for income taxes ......................... $ 45,654 $ 76,028 $ (37,136) $(156,282) $ 19,251 $ (9,866) Add: Portion of rents representative of the interest factor ............... 2,276 3,055 3,343 4,189 4,689 2,982 Interest on indebtedness ............ 39,174 45,183 45,467 71,496 59,667 42,015 Amortization of debt expense ........ 1,643 2,070 6,022 4,727 3,941 2,061 Amortization of interest capitalized ....................... 457 455 450 335 23 418 --------- --------- --------- --------- --------- -------- INCOME (LOSS) AS ADJUSTED ......... $ 89,204 $ 126,146 $ 18,146 $ (75,535) $ 87,571 $ 37,610 --------- --------- --------- --------- --------- -------- FIXED CHARGES Interest on indebtedness (a) ........ $ 39,174 $ 45,183 $ 45,467 $ 71,496 $ 59,667 $ 42,015 Interest capitalized (b) ............ 325 1,265 2,232 1,904 167 234 Amortization of debt expense (c) .... 1,643 2,070 6,022 4,727 3,941 2,061 Rent expense ........................ 6,827 9,164 10,029 12,567 14,068 8,946 Portion of rents representative of the interest factor (d) ............. 2,276 3,055 3,343 4,189 4,689 2,982 --------- --------- --------- --------- --------- -------- Fixed charges (a+b+c+d) $ 43,418 $ 51,573 $ 57,064 $ 82,316 $ 68,464 $ 47,292 RATIO OF EARNINGS TO FIXED CHARGES ..... 2.05 2.46 0.32 -0.92 1.28 0.80 --------- --------- --------- --------- --------- --------
(1) Earnings in 2001, 2002 and for the nine months ended September 30, 2004 were not sufficient to cover fixed charges. The deficiency of earnings was $38,918 in 2001, $157,851 in 2002, and $9,682 for the nine months ended September 30, 2004. 1