EX-12 9 g89090exv12.txt EX-12 . . . Exhibit 12 CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES (IN THOUSANDS OF DOLLARS, EXCEPT FOR RATIOS)
FISCAL YEARS ENDED --------------------------------------------------------------- 2004 2003 2002 2001 2000 ---------- ---------- ---------- ---------- ---------- Income/(loss) from continuing operations before income tax provision (benefit) and acumulative effect of accounting change $ 2,737 $ 2,900 $ 734 $ (4,979) $ (19,060) Add Fixed Charges: Interest expense 16,209 13,482 12,679 12,763 14,086 Interest expense on operating leases 485 391 450 394 353 Amortization of financing costs 770 746 528 571 900 ---------- ---------- ---------- ---------- ---------- Total income (loss) as defined $ 20,201 $ 17,519 $ 14,391 $ 8,749 $ (3,721) ========== ========== ========== ========== ========== Fixed Charges: Interest expense $ 16,209 $ 13,482 $ 12,679 $ 12,763 $ 14,086 Interest expense on operating leases $ 485 $ 391 $ 450 $ 394 $ 353 Capitalized interest 230 - - - - Amortization of financing costs 770 746 528 571 900 ---------- ---------- ---------- ---------- ---------- Total fixed charges $ 17,694 $ 14,619 $ 13,657 $ 13,728 $ 15,339 ========== ========== ========== ========== ========== Ratio of earnings to fixed charges 1.14 1.20 1.05 Additional income required to meet a 1.0 ratio: n/a n/a n/a $ 4,979 $ 19,060