EX-12.1 3 exh12-1_12390.txt STATEMENT OF COMPUTATION OF EARNINGS EXHIBIT 12.1 ------------ STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (In thousands)
Nine Months Year Ended December 31, Ended ------------------------------------------------------------ September 30, 1998 1999 2000 2001 2002 2003 -------- -------- -------- -------- -------- -------- Earnings: Income (loss) before income taxes $ 5,043 $ 20,151 $ 47,499 $ 50,340 $ 88,579 $ 76,143 Fixed charges per below 3,655 12,142 29,453 31,093 33,839 25,205 Less: capitalized interest per below -- -- 8 213 218 29 Current period amortization of interest capitalized in prior periods -- -- -- -- -- -- ------------------------------------------------------------------------- Total earnings $ 8,698 $ 32,293 $ 76,944 $ 81,220 $122,200 $101,319 ========================================================================= Fixed charges: Interest expense $ 3,458 $ 11,531 $ 28,705 $ 30,045 $ 32,228 $ 23,838 Capitalized interest -- -- 8 213 218 29 Interest portion of rent expense 197 611 740 835 1,393 1,338 ------------------------------------------------------------------------- Total fixed charges $ 3,655 $ 12,142 $ 29,453 $ 31,093 $ 33,839 $ 25,205 ========================================================================= Ratio of earnings to fixed charges 2.4 2.7 2.6 2.6 3.6 4.0 =========================================================================