EX-12.1 10 file009.txt RATIO OF EARNINGS Exhibit 12.1 Statement Regarding Computation of Ratio of Earnings to Fixed Charges and Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends. (Amounts in thousands, except ratios)
SIX MONTHS ENDED APRIL 30, YEAR ENDED OCTOBER 31, -------------------- -------------------------------------------------------- 2002 2001 2001 2000 1999 1998 1997 -------- -------- -------- -------- -------- -------- -------- INCOME BEFORE TAXES..................... $ 6,876 $ 4,208 $ 13,687 $ 8,589 $ 9,190 $ 8,176 $ 8,589 LESS: EARNINGS FROM 50% OF LESS OWNED JV........................ $ -- $ -- $ (3,864) $ (245) $ (384) $ (210) $ (108) FIXED CHARGES-INTEREST.................. $ 1,880 $ 2,146 $ 4,456 $ 4,245 $ 3,913 $ 2,522 $ 3,350 --------------------- -------------------------------------------------------- EARNINGS................................ $ 8,756 $ 6,354 $ 14,279 $ 12,589 $ 12,719 $ 10,488 $ 11,831 FIXED CHARGES: INTEREST EXPENSE........................ $ 1,880 $ 2,146 $ 4,456 $ 4,245 $ 3,913 $ 2,522 $ 3,350 PREFERRED STOCK DIVIDENDS............... $ 824 $ 1,573 $ 3,147 $ 3,147 $ 3,147 $ 2,561 $ -- -------------------- -------------------------------------------------------- $ 2,704 $ 3,719 $ 7,603 $ 7,392 $ 7,060 $ 5,083 $ 3,350 RATIO OF EARNINGS TO FIXED CHARGES...... 4.66 2.96 3.20 2.97 3.25 4.16 3.53 RATIO OF EARNINGS TO FIXED CHARGES...... AND PREFERRED STOCK DIVIDENDS....... 3.24 1.71 1.88 1.70 1.80 2.06 3.53