EX-12.1 3 exhibit12-1_12557.txt STATEMENT OF COMPUTATION OF RATIO OF EARNINGS EXHIBIT 12.1 ------------ STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO 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 fixed charges 2.7 2.6 2.6 3.6 4.0 ========================================================================