EX-12 14 ex12.htm EXHIBIT 12 Exhibit 12
EXHIBIT 12


COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollar Amounts In Thousands)
  
   
     
2004
 
 
2003
 
 
2002
 
 
2001
 
 
2000
  
 
                      
       
EARNINGS
                                
Pre-tax income (loss)
  
$
3,945
  
$
(67,746
)
$
(79,157
)
$
(4,416
)
$
123
  
Fixed charges
    
13,638
   
11,205
   
4,611
   
7,832
   
13,024
 
Total
 
$
17,583
  
$
(56,541
)
$
(74,546
)
$
3,416
  
$
13,147
  
                                 
FIXED CHARGES
                                
Interest expense and amortization of
                                
debt discount and premium on all
                                
indebtedness
  
$
12,354
  
$
9,887
  
$
3,257
  
$
6,541
  
$
11,889
  
Interest portion of rental expense
    
1,284
   
1,318
   
1,354
   
1,291
   
1,135
 
Total fixed charges
 
$
13,638
  
$
11,205
  
$
4,611
  
$
7,832
  
$
13,024
  
                                 
Ratio of earnings to fixed
                                
charges
   
1.3x
    
(A
)
  
(A
)
  
(A
)
  
1.0x
  
                                 
                                 
                                 
 
(A)   Earnings were insufficient to cover fixed charges by $67.7 million, $79.2 million and $4.4 million in 2003, 2002 and 2001, respectively.