EX-12.1 68 a2172026zex-12_1.htm EXHIBIT 12.1

Exhibit 12.1

 
   As of and for Year Ended December 31,
(in thousands)
   As of and for the Three Months Ended March 31,
(in thousands)
 
   2001
   2002
   2003
   2004
   2005
   2005
   2006
Earnings:                                          
  Income (loss) before income taxes, equity earnings (losses) of investments and minority interest   $ (45 ) $ 4,745   $ 2,631   $ 3,891   $ (4,322 ) $ 1,098   $ 5,081
  Add: Fixed charges     4,831     18,703     20,327     20,468     23,373     5,482     6,159
  Add: Amortization of capitalized interest     59     59     62     65     67     16     16
  Add: Distributions from equity investees     6,208     126                              
  Less: Interest capitalized                 (140 )   (110 )   (106 )   (4 )    
   
 
 
 
 
 
 

Total Earnings
 
$
11,053
 
$
23,633
 
$
22,880
 
$
24,314
 
$
19,012
 
$
6,592
 
$
11,256
   
 
 
 
 
 
 

Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Interest expense   $ 4,230   $ 18,300   $ 19,645   $ 19,705   $ 22,404   $ 5,263   $ 5,891
  Interest capitalized                 140     110     106     4      
  Amortization of capitalized expenses related to indebtedness     4                                    
  Estimated interest on rental expense     597     403     542     653     863     215     264
   
 
 
 
 
 
 

Total Fixed Charges
 
$
4,831
 
$
18,703
 
$
20,327
 
$
20,468
 
$
23,373
 
$
5,482
 
$
6,155
   
 
 
 
 
 
 

Ratio of Earnings to Fixed Charges
 
 
2.29x
 
 
1.26x
 
 
1.13x
 
 
1.19x
 
 
0.81x
 
 
1.20x
 
 
1.83x