EX-12.1 3 ex12-1.htm EXHIBIT 12.1 ex12-1.htm
Exhibit 12.1
 
Statement Setting Forth Detail for Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands)
 
   
Year Ended December 31,
  
   
2007
    
2008
    
2009
    
2010
    
2011
  
Fixed Charges
                              
Interest expense
   $ 21,378     $ 21,808     $ 25,416     $ 24,747     $ 24,776  
                                         
Earnings
                                        
Income (loss) before income taxes
   $ (195 )   $ 243     $ (4,484 )   $ 1,301     $ 2,447  
Add: Interest expense
     21,378       21,808       25,416       24,747       24,776  
Total earnings
   $ 21,183     $ 22,051     $ 20,932     $ 26,048     $ 27,223  
                                         
Ratio of earnings to fixed charges
     1.0       1.0       0.8       1.1       1.1