EX-12.1 8 a2153952zex-12_1.htm EXHIBIT 12.1

Exhibit 12.1

 

Statement Setting Forth Detail for Computation of Ratio of Earnings to Fixed Charges

(dollars in thousands)

 

 

 

Year ended December 31,

 

 

 

2000

 

2001

 

2002

 

2003

 

2004

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

6,333

 

$

8,065

 

$

4,585

 

$

3,384

 

$

3,679

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

 

(330

)

1,752

 

11,017

 

11,600

 

10,074

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges (1)

 

—

 

1.2

 

3.4

 

4.4

 

3.7

 

 

(1)           Ratio of income before taxes plus interest expense to interest expense. For the year ended December 31, 2002, we had a deficiency to cover fixed charges of $330,000.