EX-12.1 3 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Exhibit 12.1

 

COMPUTATION OF EARNINGS TO FIXED CHARGES

 

     Year ended December 31,
     2000
    2001
    2002
    2003
                     

Consolidated pretax income from continuing operations

    $ 12,027    $ 18,332    $ 13,787    $ 36,981

Interest expense

      77,658      71,712      61,088      64,001

Interest portion of rental expense

      1,923      1,121      1,043      957
    
  
  
  

Earnings

    $ 91,608    $ 91,165    $ 75,918    $ 101,939
    
  
  
  

Interest expense

    $ 77,658    $ 71,712    $ 61,088    $ 64,001

Interest portion of rental expense

      1,923      1,121      1,043      957
    
  
  
  

Fixed charges

    $ 79,581    $ 72,833    $ 62,131    $ 64,958
    
  
  
  

Ratio of Earnings to Fixed Charges

      1.2      1.3      1.2      1.6
    
  
  
  

 

 

PRO FORMA COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

     Year ended
December 31, 2003

Pro forma consolidated pretax income from continuing

     

Pro forma interest expense

     

Interest portion of rental expense

     
    

Pro forma Earnings

     

Pro forma interest expense

     

Interest portion of rental expense

     
    

Pro forma Fixed Charges

     

Pro form Ratio of Earnings to Fixed Charges