EX-12.1 5 file005.txt STATEMENT REGARDING COMPUTATION OF RATIOS EXHIBIT 12.1 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
THREE MONTHS ENDED THREE MONTHS ENDED MARCH 31, 2003 MARCH 31, 2002 2003 2002 2001 2000 1999 ------------------ ------------------ ----- ------ ------ ----- ----- Interest expense net of capitalized interest......................... 3,051 2,995 12,027 11,640 11,279 3,499 295 Rental expense full year..................... 497 534 2,136 2,548 2,707 1,069 1,016 Rental expense 1/3 of full year................. 166 178 178 849 902 356 339 ------ ------ ------- ------ ------ ----- ----- Fixed charges................................... 3,217 3,173 12,205 12,489 12,181 3,855 634 ------ ------ ------- ------ ------ ----- ----- Earnings (Loss) before income taxes............. (2,873) (4,242) (16,755) (6,537) (1,779) 4,239 3,281 Amortization of capitalized interest............ (28) (91) (300) (766) (1,207) -- -- ------ ------ ------- ------ ------ ----- ----- Earnings (Loss) before income taxes and amortization of capitalized interest......... (2,901) (4,333) (17,055) (7,303) (2,986) 4,239 3,281 ------ ------ ------- ------ ------ ----- ----- "Earnings" ("Loss") is fixed charges plus earnings (loss) before income taxes and amortization of capitalized interest......... 316 (1,160) (4,850) 5,186 9,195 8,094 3,915 ------ ------ ------- ------ ------ ----- ----- Ratio of "earnings" ("loss") to fixed charges... 0.1 (0.4) (0.4) 0.4 0.8 2.1 6.2 ------ ------ ------- ------ ------ ----- ----- Preferred dividends............................. -- -- -- -- -- -- -- ------ ------ ------- ------ ------ ----- ----- Fixed charges and preferred dividends........... 3,217 3,173 12,205 12,489 12,181 3,855 634 ------ ------ ------- ------ ------ ----- ----- Ratio of "earnings" ("loss") to fixed charges and preferred dividends...................... 0.1 0.4 (0.4) 0.4 0.8 2.1 6.2 ------ ------ ------- ------ ------ ----- -----