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 Six Months Ended
  
   
June 30,
  
   
2008
    
2007
  
             
EARNINGS
            
Pre-tax income from continuing operations
   $ 20,858     $ 9,979  
Fixed charges
     6,210       6,258  
Total
   $ 27,068     $ 16,237  
                 
FIXED CHARGES
                
Interest expense and amortization of debt discount
                
and premium on all indebtedness
   $ 5,475     $ 5,659  
Interest portion of rental expenses
     735       599  
Total fixed charges
   $ 6,210     $ 6,258  
                 
                 
Ratio of earnings to fixed charges
     4.4 x     2.6 x