EX-12 7 ratio.txt
The following table displays our ratio of earnings to fixed charges(1): (IN THOUSANDS) THREE TWELVE NINE MONTHS MONTHS MONTHS FOR THE FISCAL YEARS ENDED ENDED ENDED ENDED DECEMBER 31, DEC. 31, SEPT. 30, SEPT. 28, ------------------------------------------------------------------------------------ 2002 2001 2000 1999 1998 1998 2003 ---- ---- ---- ---- ---- ---- ---- Earnings (losses) before taxes $130,253 $75,932 ($1,651) ($2,496) ($7,063) ($9,809) $139,374 Fixed charges Interest expense attributable to rent $332 $148 $170 $203 $57 $244 $550 Interest expense $148 $626 $933 $238 $37 $721 $104 ---- ---- ---- ---- --- ---- ---- Earnings (losses) before taxes plus fixed charges $130,733 $76,706 ($548) ($2,055) ($6,969) ($8,844) $140,028 Ratio of earnings to fixed charges 272.36 99.10 (2) (2) (2) (2) 214.11 (1) For purposes of determining the ratio of earnings to fixed charges, earnings are defined as income (loss) before income taxes, extraordinary items and cumulative effect of changes in accounting principle plus fixed charges. Fixed charges include interest expense on all indebtedness, amortization and deferred financing costs and one-third of rental expenses on operating leases, representing that portion of rental expense deemed by our management to be attributable to interest. (2) Earnings were insufficient to cover fixed charges.
STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES THREE TWELVE NINE MONTHS MONTHS MONTHS ENDED ENDED ENDED FOR THE FISCAL YEARS ENDED DECEMBER DEC. 31, SEPT. 30, SEPT. 28, ----------------------------------------------------------------------------------------------------------------------------------- 2002 2001 2000 1999 1998 1998 2003 ---- ---- ---- ---- ---- ---- ---- Earnings (losses) before income taxes $130,253 $75,932 ($1,651) ($2,496) ($7,063) ($9,809) $139,374 Add: Interest expense 480 774 1,103 441 94 965 654 -------- ------- -------- -------- -------- -------- -------- Earnings (losses) as defined 130,733 76,706 (548) (2,055) (6,969) (8,844) 140,028 ======== ======= ======== ======== ======== ======== ======== Fixed charges 480 774 1,103 441 94 965 654 ======== ======= ======== ======== ======== ======== ======== Ratio of earnings to fixed charges 272.36x 99.10x (2) (2) (2) (2) 214.11x (1) For purposes of determining the ratio of earnings to fixed charges, earnings are defined as income (loss) before income taxes, extraordinary items and cumulative effect of changes in accounting principle plus fixed charges. Fixed charges include interest expense on all indebtedness, amortization and deferred financing costs and one-third of rental expenses on operating leases, representing that portion of rental expense deemed by our management to be attributable to interest. (2) Earnings were insufficient to cover fixed charges.