EX-12.1 4 exh12-1_12539.txt STMT RE: COMPUTATION OF RATIO OF EARNINGS EXHIBIT 12.1 ------------ STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES (In thousands)
Year Ended December 31, ---------------------------------------------------------------------- 1999 2000 2001 2002 2003 ---------------------------------------------------------------------- Earnings: Income before income taxes $ 20,151 $ 47,499 $ 50,340 $ 88,579 $ 102,547 Fixed charges per below 12,142 29,453 31,093 33,839 33,649 Less: capitalized interest per below -- 8 213 218 29 Current period amortization of interest capitalized in prior periods -- -- 4 9 9 ---------------------------------------------------------------------- Total earnings $ 32,293 $ 76,944 $ 81,224 $ 122,209 $ 136,176 ====================================================================== Fixed charges Interest expense $ 11,531 $ 28,705 $ 30,045 $ 32,228 $ 31,666 Capitalized interest -- 8 213 218 29 Interest portion of rent expense 611 740 835 1,393 1,954 ---------------------------------------------------------------------- Total fixed charges $ 12,142 $ 29,453 $ 31,093 $ 33,839 $ 33,649 ====================================================================== Ratio of earnings to combined fixed charges 2.7 2.6 2.6 3.6 4.0 ======================================================================