EX-12 3 ex12.htm EXHIBIT 12 Unassociated Document
 


EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollar amounts in thousands)

   
For the Nine Months Ended
  
   
September 30,
  
   
2008
    
2007
  
             
EARNINGS
            
Pre-tax income from continuing operations
   $ 22,864     $ 17,922  
Fixed charges
     9,370       9,625  
Total
   $ 32,234     $ 27,547  
                 
FIXED CHARGES
                
Interest expense and amortization of debt discount
                
and premium on all indebtedness
   $ 8,209     $ 8,734  
Interest portion of rental expenses
     1,161       891  
Total fixed charges
   $ 9,370     $ 9,625  
                 
                 
Ratio of earnings to fixed charges
     3.4 x     2.9 x