EX-12.1 5 file004.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12.1 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
SIX MONTHS ENDED SIX MONTHS ENDED JUNE 30, 2003 JUNE 30, 2002 Interest expense net of capitalized interest 5,958 5,682 Rental expense full year 1,068 1,274 Rental expense 1/3 of full year 89 106 -------- -------- Fixed Charges 6,047 5,788 -------- -------- Earnings (loss) before income taxes (4,565) 1,672 Amortization of capitalized interest (211) (532) -------- -------- Earnings (Loss) before income taxes and amortization of capitalized interest (4,776) 1,140 -------- -------- "Earnings" ("Loss") is fixed charges plus earnings (loss) before income taxes and amortization of capitalized interest 1,271 6,928 -------- -------- Ratio of "earnings" ("loss") to fixed charges 0.2 1.2 -------- -------- Preferred dividends - - -------- -------- Fixed Charges and preferred dividends 6,047 5,788 -------- -------- Ratio of "earnings" ("loss") to fixed charges and preferred dividends 0.2 1.2 -------- -------- 2002 2001 2000 -------- -------- -------- Interest expense net of capitalized income 11,640 11,279 3,499 Rental expense full year 2,548 2,707 1,069 Rental expense 1/3 of full year 849 902 356 -------- -------- -------- Fixed Charges 12,489 12,181 3,855 -------- -------- -------- Earnings (loss) before income taxes (6,537) (1,779) 4,239 Amortization of capitalized interest (766) (1,207) - -------- -------- -------- Earnings (Loss) before income taxes and amortization of capitalized interest (7,303) (2,986) 4,239 -------- -------- -------- "Earnings" ("Loss") is fixed charges plus earnings (loss) before income taxes and amortization of capitalized interest 5,186 9,195 8,094 -------- -------- -------- Ratio of "earnings" ("loss") to fixed charges 0.4 0.8 2.1 -------- -------- -------- Preferred dividends - - - -------- -------- -------- Fixed Charges and preferred dividends 12,489 12,181 3,855 -------- -------- -------- Ratio of "earnings" ("loss") to fixed charges and preferred dividends 0.4 0.8 2.1 -------- -------- -------- 1999 1998 -------- -------- Interest expense net of capitalized income 295 313 Rental expense full year 1,016 1,348 Rental expense 1/3 of full year 339 449 -------- -------- Fixed Charges 634 762 -------- -------- Earnings (loss) before income taxes 3,281 6,351 Amortization of capitalized interest - - -------- -------- Earnings (Loss) before income taxes and amortization of capitalized interest 3,281 6,351 -------- -------- "Earnings" ("Loss") is fixed charges plus earnings (loss) before income taxes and amortization of capization interest 3,915 7,113 -------- -------- Ratio of "earnings" ("loss") to fixed charges 6.2 9.3 -------- -------- Preferred dividends - - -------- -------- Fixed Charges and preferred dividends 634 762 -------- -------- Ratio of "earnings" ("loss") to fixed charges and preferred dividends 6.2 9.3 -------- --------