EX-12 2 ex12.htm EXHIBIT 12 ex12.htm
EXHIBIT 12
 
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollar amounts in thousands)
 
   
For the Three Months Ended
  
   
March 31,
  
   
2008
    
2007
  
             
EARNINGS
            
Pre-tax income from continuing operations
   $ 14,312     $ 7,606  
Fixed charges
     3,155       3,115  
Total
   $ 17,467     $ 10,721  
                 
FIXED CHARGES
                
Interest expense and amortization of debt discount
                
and premium on all indebtedness
   $ 2,787     $ 2,816  
Interest portion of rental expenses
     368       299  
Total fixed charges
   $ 3,155     $ 3,115  
                 
                 
Ratio of earnings to fixed charges
     5.5 x     3.4 x