EXHIBIT 12

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

	For the three months ended   March 31,
	2001			2000
EARNINGS
Pre-tax income (loss)	$	(2,549	)	$	6,739
Fixed charges		2,499			3,334
Total	$	(50	)	$	10,073
FIXED CHARGES
Interest expense and amortization of debt discount
and premium on all indebtedness	$	2,195		$	3,075
Interest portion of rental expenses		304			259
Total fixed charges	$	2,499		$	3,334
Ratio of earnings to fixed charges		(a)			3.0x

(a) Earnings were insufficient to cover fixed charges by $2.5 million in 2001.