EX-12.1 2 a05-8982_1ex12d1.htm EX-12.1

Exhibit 12.1

 

(in thousands)

 

 

 

For the Three Months
Ended March 31,

 

 

 

2005

 

2004

 

 

 

 

 

 

 

Fixed Charges Computation:

 

 

 

 

 

Preferred stock dividend

 

$

878

 

$

772

 

Interest expense, including amortization of debt issuance costs, on convertible debt

 

1,251

 

527

 

Total fixed charges and preferred dividends

 

2,129

 

1,299

 

 

 

 

 

 

 

Earnings Computation:

 

 

 

 

 

Profit before equity in income of investee

 

4,712

 

5,229

 

Add:

 

 

 

 

 

Fixed charges

 

2,129

 

1,299

 

Earnings as adjusted

 

$

6,841

 

$

6,528

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

5.5

x

12.4

x

Ratio of earnings to fixed charges and preferred dividends

 

3.2

x

5.0

x