EX-12.1 2 dex121.htm STATEMENTS OF COMPUTATION OF RATIOS Statements of Computation of Ratios

EXHIBIT 12.1

 

     YEAR ENDED
(in thousands of U.S. dollars)    Dec. 31,
2004		    Dec. 31,
2003		    Dec. 31,
2002		    Dec. 31,
2001		    Dec. 31,
2000

Fixed charges:

                                   

Interest expense

    $ 11,362    $ 13,134    $ 13,347    $ 17,711    $ 22,924

Portion of rent expense representative of interest

      2,600      2,467      1,867      1,567      1,567

Total fixed charges

    $ 13,962    $ 15,601    $ 15,214    $ 19,278    $ 24,491

Earnings:

                                   

Income from continuing operations before tax

    $ 159,067    $ 162,833    $ 149,197    $ 187,689    $ 202,117

Fixed charges per above

      13,962      15,601      15,214      19,278      24,491

Total earnings

    $ 173,029    $ 178,434    $ 164,411    $ 206,967    $ 226,608

Ratio of earnings to fixed charges

      12.23      11.44      10.81      10.74      9.25

 

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