EX-12.1 18 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

Calculation of Ratio of Earnings to Fixed Charges

 

     Year Ended December 31,
     2001    2002    2003    2004    2005
     (In thousands, except ratio of earnings to fixed charges)

Income from continuing operations before income taxes

   $ 4,837    $ 4,132    $ 17,288    $ 43,919    $ 73,230

Fixed charges(1)

              

Interest expense

     26      102      32      1,661      5,934

Amortization of debt issuance cost

     —        —        —        253      3,318

Interest included in rental expense

     264      365      350      425      632

Total fixed charges

   $ 290    $ 467    $ 382    $ 2,339    $ 9,884
                                  

Earnings(2)

   $ 5,127    $ 4,599    $ 17,670    $ 46,258    $ 83,114

Ratio of earnings to fixed charges

     17.7      9.8      46.3      19.8      8.4

(1) “Fixed charges” consist of interest expense on indebtedness, amortization of debt issuance costs and the estimated portion of rental expense deemed a reasonable approximation of this interest factor.
(2) “Earnings” consist of income from continuing operations before income taxes plus fixed charges.