EX-12 2 exh12200506.htm EXHIBIT 12 TO S-2 REGISTRATION AMENDMENT NO. 2 Converted by FileMerlin


Exhibit 12




RATIO OF EARNINGS TO FIXED CHARGES



 

June 30

December 31

 

2005

2004

2003

2002

2001

2000

  

Income Before Income Taxes


$

4,984

$

7,527

$

11,160

$

10,802

$

3,468

$

8,229

       

Interest on Indebtedness


3,740

7,137

6,813

7,952

11,311

10,346

       

Portion of rents representative

      

of the interest factor


563

1,106

1,046

949

883

828

       

Earnings as adjusted


$

9,287

$

15,770

$

19,019

$

19,703

$

15,662

$

19,403

       
       

Fixed Charges:

      
       

Interest on Indebtedness


$

3,740

$

 7,137

$

6,813

$

7,952

$

11,311

$

10,346

       

Portion of rents representative

      

of the interest factor


563

1,106

1.046

949

883

828

       

Fixed Charges


$

4,303

$

 8,243

$

7,859

$

8,901

$

12,194

$

11,174

       
       

Ratio of Earnings

      

to Fixed Charges


2.16

1.91

2.42

2.21

1.28

1.74