EX-12.1 6 f84046exv12w1.txt EXHIBIT 12.1 Exhibit 12.1 COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES (DOLLARS IN THOUSANDS) RATIO OF EARNINGS TO FIXED CHARGES:
FOR THE SIX MONTHS FOR THE YEAR ENDED DECEMBER 31, ENDED JUNE 30, --------------------------------------------------------- ----------------------- 1997 1998 1999 2000 2001 2001 2002 --------------------------------------------------------- ----------------------- Interest expense $ 555 $ 768 $ 993 $ 2,034 $ 2,023 $ 898 $ 1,259 Capitalized interest -- -- -- -- -- -- -- Amortization of premiums, discounts and capitalized expenses related to indebtedness -- 166 195 310 185 93 244 Estimated interest portion of rental expense 6,526 7,201 7,115 7,286 6,961 3,480 3,689 --------------------------------------------------------- ----------------------- Fixed charges $ 7,081 $ 8,135 $ 8,303 $ 9,630 $ 9,169 $ 4,471 $ 5,192 ========================================================= ======================= Income (loss) before income taxes $(33,051) $ 21 $ 2,869 $ 70,496 $ 38,871 $ 37,378 $(33,261) Fixed charges 7,081 8,135 8,303 9,630 9,169 4,471 5,192 Less: interest charges capitalized 0 0 0 0 0 0 0 Amortization of capitalized interest 0 0 0 0 0 0 0 --------------------------------------------------------- ----------------------- Earnings (loss) $(25,970) $ 8,156 $ 11,172 $ 80,126 $ 48,040 $ 41,849 $(28,069) ========================================================= ======================= Ratio of earnings to fixed charges * 1.00x 1.35x 8.32x 5.24x 9.36x *
*Earnings are inadequate to cover fixed charges in these periods. The earnings deficiency for the year ended December 31, 1997 is $33,051 and for the six months ended June 30, 2002 is $33,261.