EX-12 15 exhibit12.htm EXHIBIT 12 Exhibit 12

EXHIBIT 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollar Amounts In Thousands)

       2002    2001    2000    1999    1998  





EARNINGS  
Pre-tax income (loss)   $ (79,157 ) $ (4,416 ) $ 123   $ 40,092   $ 55,069  
Fixed charges    4,611    7,832    13,024    13,109    15,865  





Total   $ (74,546 ) $ 3,416   $ 13,147   $ 53,201   $ 70,934  





FIXED CHARGES  
Interest expense and amortization of  
   debt discount and premium on all  
   indebtedness   $ 3,257   $ 6,541   $ 11,889   $ 12,221   $ 15,009  
Interest portion of rental expense    1,354    1,291    1,135    888    856  





Total fixed charges   $ 4,611   $ 7,832   $ 13,024   $ 13,109   $ 15,865  





Ratio of earnings to fixed  
charges    (A)    (B)    1.0x    4.1x    4.5x  


(A)  

Earnings were insufficient to cover fixed charges by $79.2 million in 2002.

(B)  

Earnings were insufficient to cover fixed charges by $4.4 million in 2001.