EX-12 3 dex12.htm EXHIBIT 12 EXHIBIT 12

Exhibit 12

 

COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED CHARGES

AND PREFERRED DIVIDENDS

 

    

Three Months Ended

September 30, 2003

   

Year Ended

December 31, 2002

Income from continuing operations

    $ 10,987    $ 48,080

Add back:

              

Interest expense

      7,401      27,849

Earnings available for fixed charges and preferred dividends

    $ 18,388    $ 75,929

Fixed Charges

              

Interest expense

    $ 7,401    $ 27,849

Capitalized interest

      77      120

Interest portion of rent expense

      —        —  

Total fixed charges

      7,478      27,969

Preferred dividends

      —        —  

Total fixed charges and preferred dividends

    $ 7,478    $ 27,969

Ratio of Earnings to Fixed Charges and Preferred Dividends

      2.46      2.71