EX-12 2 a05-2054_1ex12.htm EX-12

Exhibit 12

 

Computation of Earnings/ (Deficiency) To Fixed Charges

 

 

 

As of December 31

 

 

 

2004

 

2003

 

2002

 

 

 

(thousands)

 

 

 

 

 

 

 

 

 

Income/(Loss) from continuing operations

 

$

197

 

$

(8,311

)

$

(1,599

)

Fixed Charges

 

26,606

 

27,093

 

27,389

 

Capitalized Interest

 

—

 

—

 

—

 

Amortization of Capitalized Interest

 

2,520

 

2,520

 

2,520

 

Net Total

 

29,323

 

21,302

 

28,310

 

 

 

 

 

 

 

 

 

FIXED CHARGES

 

 

 

 

 

 

 

Interest Expense

 

26,470

 

26,956

 

27,244

 

Capitalized Interest

 

—

 

—

 

—

 

Other

 

136

 

137

 

145

 

Total

 

26,606

 

27,093

 

27,389

 

Ratio of Earnings to Fixed Charges

 

1.10

 

.79

 

1.03