EX-12 2 0002.txt RATION OF EARNINGS TO FIXED CHARGES EXHIBIT 12 RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges (Dollars in thousands)
2000 1999 1998 1997 1996 ---- ---- ---- ---- ---- Earnings: Pretax income $ 44,393 $ 45,130 $ 32,779 $ 33,697 $ 45,939 Interest 37,523 28,573 20,506 18,890 13,797 Interest in Leases 1,719 1,548 1,507 1,152 861 Amortization of Cap Interest 293 242 190 123 107 -------- -------- -------- -------- -------- $ 83,928 $ 75,493 $ 54,982 $ 53,862 $ 60,704 ======== ======== ======== ======== ======== Fixed charges: Interest $ 37,523 $ 28,573 $ 20,506 $ 18,890 $ 13,797 Capitalized interest 1,215 1,032 1,215 118 202 Interest in leases 1,719 1,548 1,507 1,152 861 Amortization of Cap Interest 293 242 190 123 107 -------- -------- -------- -------- -------- $ 40,750 $ 31,395 $ 23,418 $ 20,283 $ 14,967 ======== ======== ======== ======== ======== Ratio: 2.1x 2.4x 2.3x 2.7x 4.1x