EX-12.1 3 g83820p1exv12w1.htm EX-12.1 COMPUTATION OF RATIOS OF EARNINGS EX-12.1 COMPUTATION OF RATIOS OF EARNINGS
 

EXHIBIT 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

                                                         
    FISCAL YEARS ENDED DECEMBER 31,           NINE MONTHS ENDED SEPTEMBER 30,
   
 
    1998   1999   2000   2001   2002   2002   2003
   
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
     *       *       *       *       *       *       1.6  
 
    
     
     
     
     
     
     
 
* The earnings for the years ended December 31, 2002 through 1998 and for the nine months ended September 30, 2002 were inadequate to cover total fixed charges. The coverage deficiencies for the years ended December 31, 2002 through 1998 were (in thousands): $63,192, $6,665,789, $3,082,115, $287,992 and $54,048, respectively. The coverage deficiency for the nine months ended September 30, 2002 was $60,213.

  In computing the ratio of earnings to fixed charges, earnings have been based on income (loss) from continuing operations before income taxes plus fixed charges. Fixed charges consist of interest, amortization of debt issuance costs and the portion of rental expense on operating leases attributable to interest.