EX-12.1 4 a2157499zex-12_1.htm EXHIBIT 12.1
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Exhibit 12.1


Ratio of Earning to Fixed Charges

 
  2000
  Three Months
End Dec. 31,
2000

  2001
  2002
  2003
  2004
Fixed Charges:                                    
Interest expensed & capitalized   $ 7,735   $ 4,285   $ 16,922   $ 14,354   $ 13,372   $ 12,528
Amortized premiums, discounts, & capitalized expenses related to indebtedness                        
Estimate of interest within rental expense     2,749     1,296     5,707     5,845     5,780     6,229
Preference security dividend requirements                        
   
 
 
 
 
 
Total Fixed Charges   $ 10,484   $ 5,581   $ 22,629   $ 20,135   $ 19,152   $ 18,757

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Pretax Income     (2,246 )   (3,203 )   (13,822 )   2,257     3,315     4,546
Fixed Charges     10,484     5,581     22,629     20,135     19,152     18,757
Amortization of capitalized interest                        
Distributed income of equity investees                        
Co. share of pre-tax losses of equity investees for which charges arriving from guarantees are included in fixed charges                        
   
 
 
 
 
 
Subtotal     8,238     2,378     8,807     22,392     22,467     23,303
Interest capitalized                        
Preference security dividend requirements of consolidated subsidiaries                        
Minority interest in pre-tax income of minority subsidiaries that have not incurred fixed charges                        
   
 
 
 
 
 
Total   $ 8,238   $ 2,378   $ 8,807   $ 22,392   $ 22,467   $ 23,303
   
 
 
 
 
 
Ratio:     0.8     0.4     0.4     1.1     1.2     1.2



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Ratio of Earning to Fixed Charges