EX-12.1 5 computationofratiosofearning.htm COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Computation of Ratios of Earnings to Fixed Charges
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
                                      
                                       
   
Three months ended March 31,
    
 
          
Year ended December 31,
             
     
2006
    
2005
    
2004
    
2003
    
2002
    
2001
  
Earnings:
                                      
Pre-tax earnings from continuing operations before adjustments
  
$
38,084
  
$
162,859
  
$
89,518
  
$
36,968
  
$
36,327
  
$
25,694
  
Fixed Charges
    
2,265
   
6,048
   
2,067
   
1,414
   
1,042
   
3,719
 
Capitalized interest
    
(688
)
  
-
   
-
   
-
   
-
   
-
 
Total Earnings
  
$
39,661
  
$
168,907
  
$
91,585
  
$
38,382
  
$
37,369
  
$
29,413
  
                                       
Fixed Charges:
                                      
Interest Expense
  
$
1,577
  
$
6,048
  
$
2,067
  
$
1,414
  
$
1,042
  
$
3,719
  
Capitalized Interest
   
688
   
-
   
-
   
-
   
-
   
-
 
Total Fixed Charges
  
$
2,265
  
$
6,048
  
$
2,067
  
$
1,414
  
$
1,042
  
$
3,719
  
                                       
Ratio of Earnings to Fixed Charges
    
18.51
    
28.93
    
45.31
    
28.14
    
36.86
    
8.91