EX-12.1 7 file006.txt STATEMENT REGARDING COMPUTATION OF RATIOS EXHIBIT 12.1 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
NINE MONTHS ENDED NINE MONTHS ENDED SEPTEMBER 30, 2003 SEPTEMBER 30, 2002 2002 2001 2000 1999 1998 ------------------ ------------------ ------ ------ ----- ----- ----- Interest expense net of capitalized interest......................... 8,961 8,641 11,640 11,279 3,499 295 313 Rental expense full year..................... 1,602 1,911 2,548 2,707 1,069 1,016 1,348 Rental expense 1/3 of full year................. 134 159 849 902 356 339 449 ------ ----- ------ ------ ----- ----- ----- Fixed charges................................... 9,095 8,800 12,489 12,181 3,855 634 762 ------ ----- ------ ------ ----- ----- ----- Earnings (Loss) before income taxes............. (7,749) 959 (6,537) (1,779) 4,239 3,281 6,351 Amortization of capitalized interest............ (287) (676) (766) (1,207) -- -- -- ------ ----- ------ ------ ----- ----- ----- Earnings (Loss) before income taxes and amortization of capitalized interest......... (8,036) 283 (7,303) (2,986) 4,239 3,281 6,351 ------ ----- ------ ------ ----- ----- ----- "Earnings" ("Loss") is fixed charges plus earnings (loss) before income taxes and amortization of capitalized interest......... 1,059 9,083 5,186 9,195 8,094 3,915 7,113 ------ ----- ------ ------ ----- ----- ----- Ratio of "earnings" ("loss") to fixed charges... 0.1 1.0 0.4 0.8 2.1 6.2 9.3 ------ ----- ------ ------ ----- ----- ----- Preferred dividends............................. -- -- -- -- -- -- -- ------ ----- ------ ------ ----- ----- ----- Fixed charges and preferred dividends........... 9,095 8,800 12,489 12,181 3,855 634 762 ------ ----- ------ ------ ----- ----- ----- Ratio of "earnings" ("loss") to fixed charges and preferred dividends...................... 0.1 1.0 0.4 0.8 2.1 6.2 9.3 ------ ----- ------ ------ ----- ----- -----