EX-12 7 ex12.txt COMPUTATION OF RATIO OF EARNINGS EXHIBIT 12 - STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
ACTUAL ------------------------------------------------------------- MARCH 31, DECEMBER 31, 2002 2001 2000 1999 1998 1997 ---- ---- ---- ---- ---- ---- FIXED CHARGES: Interest 17,017 72,886 83,661 53,100 36,573 33,070 Amortization of debt discount and premium and issuance expense 1,465 6,006 4,708 2,147 1,554 2,913 Capitalized interest 9 259 496 -- -- -- Interest portion of rental expense 611 3,376 3,678 2,664 3,061 1,179 -------- -------- ------- ------- ------ ------ Fixed Charges 19,102 82,527 92,543 57,911 41,188 37,162 EARNINGS: Consolidated pre-tax income from continuing operations (11,014) (20,725) 54,422 98,030 45,071 57,454 Fixed charges 19,102 82,527 92,543 57,911 41,188 37,162 Capitalized interest (9) (259) (496) -------- -------- ------- ------- ------ ------ Earnings 8,079 61,543 146,469 155,941 86,259 94,616 -------- -------- ------- ------- ------ ------ RATIO OF EARNINGS TO FIXED CHARGES 0.42 0.75 1.58 2.69 2.09 2.55 ======== ======== ======= ======= ====== ====== AMOUNT DEFICIENT $(11,023) $(20,984) N/A N/A N/A N/A PRO-FORMA ----------------------- MARCH 31, DECEMBER 31, 2002 2001 ---- ---- FIXED CHARGES: Interest 21,521 87,164 Amortization of debt discount and premium and issuance expense 1,474 5,614 Capitalized interest 9 259 Interest portion of rental expense 611 3,376 -------- -------- Fixed Charges 23,615 96,413 EARNINGS: Consolidated pre-tax income from continuing operations (15,518) (35,307) Fixed charges 23,615 96,413 Capitalized interest (9) (259) -------- -------- Earnings 8,088 60,847 -------- -------- RATIO OF EARNINGS TO FIXED CHARGES 0.34 0.63 ======== ======== AMOUNT DEFICIENT $(15,527) $(35,566)