EXHIBIT 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollar amounts in thousands)

	For the nine months ended   September 30,
	2000			1999
EARNINGS
Pre-tax income (loss)	$	(16,443	)	$	29,897
Fixed charges		9,693			9,738
Total	$	(6,750	)	$	39,635
FIXED CHARGES
Interest expense and amortization of debt discount
and premium on all indebtedness	$	8,858		$	9,134
Interest portion of rental expenses		835			604
Total fixed charges	$	9,693		$	9,738
Ratio of earnings to fixed charges		(A)			4.1

(A) Earnings were insufficient to cover fixed charges by $16.4 million for the nine months ended September 30, 2000.