EX-12 2 ex12.htm EXHIBIT 12 Exhibit 12
                   
EXHIBIT 12
  
                       
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollar Amounts In Thousands)
                       
   
2005
 
2004
 
2003
 
2002
 
2001
  
 
                  
 
  
EARNINGS
                      
Pre-tax income (loss)
  
$
(27,015
)
$
3,945
  
$
(67,746
)
$
(79,157
)
$
(4,416
)
Fixed charges
    
17,433
   
13,638
   
11,205
   
4,611
   
7,832
 
Total
 
$
(9,582
)
$
17,583
  
$
(56,541
)
$
(74,546
)
$
3,416
  
                                 
FIXED CHARGES
                                
Interest expense and amortization of
                                
    debt discount and premium on all
                                
    indebtedness
  
$
16,111
  
$
12,354
  
$
9,887
  
$
3,257
  
$
6,541
  
Interest portion of rental expense
    
1,322
   
1,284
   
1,318
   
1,354
   
1,291
 
Total fixed charges
 
$
17,433
  
$
13,638
  
$
11,205
  
$
4,611
  
$
7,832
  
                                 
Ratio of earnings to fixed
                                
charges
   
(A
)
  
1.3x
    
(A
)
  
(A
)
  
(A
)
                                 
 
(A)   Earnings were insufficient to cover fixed charges by $27.0 million, $67.7 million, $79.2 million and $4.4 million in 2005, 2003, 2002 and 2001, respectively.