EX-12.2 3 a2160740zex-12_2.htm EXHIBIT 12.2

Exhibit 12.2

Ratio of Earnings to Combined Fixed Charges and Preferred Dividends

 
   Three Months
Ended
March 31, 2005
   2004
   2003
   2002
   2001
   2000
  
 
   (in 000s except ratio data)

  
Earnings                                      

Earnings from Continuing Operations
 
$
1,438
 
$
1,936
 
$
(6,575
)
$
(5,397
)
$
(14,618
)
$
(35,847
)
Interest Expense     1,700     698     862     1,394     7,094     26,004  
Amortization Expense Debt Cost     146     40     30     39     199     1,222  
   
 
 
 
 
 
 
Total   $ 3,284   $ 2,674   $ (5,683 ) $ (3,964 ) $ (7,325 ) $ (8,621 )
   
 
 
 
 
 
 

Fixed Charges and Preferred Dividends
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Interest Expense
 
$
1,700
 
$
698
 
$
862
 
$
1,394
 
$
7,094
 
$
26,004
 
Preferred Dividend   $ 516   $ 2,064   $ 2,064   $ 2,067   $ 2,067   $ 2,450  
Capitalized Interest Expense     —     —     —     —     —     —  
Amortization Expense Debt Costs     146     40     30     39     199     1,222  
   
 
 
 
 
 
 
Total   $ 2,362   $ 2,802   $ 2,956   $ 3,500   $ 9,360   $ 29,676  
   
 
 
 
 
 
 

Ratio
 
 
1.39
 
 
0.95
 
 
-1.92
 
 
-1.13
 
 
-0.78
 
 
-0.29
 

Deficiency
 
$
—
 
$
(128
)
$
(8,639
)
$
(7,464
)
$
(16,685
)
$
(38,297
)