EX-12.1 7 j9063402ex12-1.txt STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS EXHIBIT 12.1 STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
NINE MONTHS ------------------------- 1996 1997 1998 1999 2000 2000 2001 (DOLLARS IN THOUSANDS) -------- -------- -------- -------- -------- -------- --------- EARNINGS Net Income (Loss) Before Income Tax.... (55,263) (22,040) (7,811) 36,370 (96,723) (30,867) (199,523) Plus Fixed Charges..................... 46,138 49,951 45,698 45,159 35,913 27,022 29,090 Minus: Capitalized Interest............ (1,100) (500) (400) -- (200) (60) -- -------- -------- -------- -------- -------- -------- --------- EARNINGS............................... (10,225) 27,411 37,453 81,529 (60,010) (3,895) (170,430) FIXED CHARGES Interest Expense....................... 44,366 48,683 44,338 44,223 34,633 26,270 28,347 Plus: Capitalized Interest............. 1,100 500 400 -- 200 60 -- -------- -------- -------- -------- -------- -------- --------- Plus: Estimated interest componet of rental expense....................... 672 768 960 936 1,080 702 743 FIXED CHARGES.......................... 46,138 49,951 45,698 45,159 35,913 27,022 29,090 Ratio of Earnings to fixed charges..... (0.22) 0.55 0.82 1.81 (1.67) (0.14) (5.86) Shortfall.............................. 56,363 22,540 8,211 -- 96,923 30,927 199,523