EX-12.1 9 f83152exv12w1.txt EXHIBIT 12.1 EXHIBIT 12.1 STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (In thousands)
Three Months Year Ended December 31, Ended ------------------------------------------------------------ March 31, 1997 1998 1999 2000 2001 2002 ---- ---- ---- ---- ---- ---- Earnings: Income (loss) before income taxes $(3,367) $ 6,334 $20,151 $47,499 $50,340 $19,474 Fixed charges per below 2,609 5,420 12,142 29,453 31,093 7,764 Less: capitalized interest per below -- -- -- 8 213 -- Current period amortization of interest capitalized in prior periods -- -- -- -- -- -- ------------------------------------------------------------------------- Total earnings $ (758) $11,754 $32,293 $76,944 $81,220 $27,238 ========================================================================= Fixed charges and preferred stock dividends: Interest expense $ 1,957 $ 3,458 $11,531 $28,705 $30,045 $ 7,505 Capitalized interest -- -- -- 8 213 -- Interest portion of rent expense 63 197 611 740 835 259 Preferred dividend requirements 589 1,765 -- -- -- ------------------------------------------------------------------------- Total fixed charges and preferred stock dividends $ 2,609 $ 5,420 $12,142 $29,453 $31,093 $ 7,764 ========================================================================= Ratio of earnings to combined fixed charges and preferred stock dividends -- 2.2 2.7 2.6 2.6 3.5 ========================================================================= Dollar amount of deficiency below 1.0 $ 3,367 N/A N/A N/A N/A N/A =========================================================================