EX-12 4 v80836a1exv12.txt EXHIBIT 12 Exhibit 12 STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (IN THOUSANDS)(1)
YEAR ENDED DECEMBER 31, ----------------------------------------------------------- THREE MONTHS ENDED 1997 1998 1999 2000 2001 MARCH 31, 2002 ------- ------- ------- ------- ------- ------------------ Earnings before income taxes .......... $11,413 $25,121 $32,691 $72,351 $75,955 $32,289 Add: Interest expense ................ 4,186 8,631 6,797 9,338 13,891 2,221 ------- ------- ------- ------- ------- ------- Earnings as defined ................... 15,599 33,752 39,488 81,689 89,846 34,510 ======= ======= ======= ======= ======= ======= Fixed charges ......................... 4,186 8,631 6,923 10,388 14,156 2,221 ======= ======= ======= ======= ======= ======= Ratio of earnings to fixed charges .... 3.73x 3.91x 5.70x 7.86x 6.35x 15.54x ======= ======= ======= ======= ======= =======
------------- (1) Earnings used in computing the ratio of earnings to fixed charges consist of net earnings before income taxes plus interest expense. Fixed charges include interest expensed or capitalized.