EX-12 3 c99873exv12.htm COMPUTATION OF FIXED CHARGES RATIOS exv12
 

Exhibit 12
Statement Regarding Computation of Ratio of Earnings to Fixed Charges and
Earnings to Combined Fixed Charges and Preferred Stock Dividends

(in thousands)
                                                 
    Nine Months Ended   Year Ended December 31,
    September 30, 2005   2004   2003   2002   2001   2000
             
Pretax income from continuing operations
  $ 30,716     $ 30,003     $ 16,231     $ (12,045 )   $ (56 )   $ (48,385 )
Add Fixed charges
    5,948       8,419       8,194       7,093       9,750       11,678  
     
Adjusted pretax income
    36,664       38,422       24,425       (4,952 )     9,694       (36,707 )
Less: Pre-tax Minority interest
    (583 )     (58 )           (100 )            
     
Earnings as defined
  $ 36,081     $ 38,364     $ 24,425     $ (5,052 )   $ 9,694     $ (36,707 )
 
Fixed charges:
                                               
Interest expense
    4,900       7,300       7,216       6,253       9,386       10,760  
Estimated interest on rent expense
    1,048       1,119       978       840       364       918  
 
Total fixed charges
    5,948       8,419       8,194       7,093       9,750       11,678  
 
Ratio of Earnings to Fixed Charges
    6.07       4.56       2.98       (0.71 )     0.99       (3.19 )
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
    6.07       4.56       2.98       (0.71 )     0.99       (3.19 )
Deficiency of Earnings Available to Cover Fixed Charges
  $     $     $     $ (4,952 )   $     $ (36,707 )