EX-12 7 dex12.txt STATEMENT OF COMPUTATION OF RATIOS Exhibit 12 STATEMENT OF COMPUTATION OF RATIOS
Year Ended December 31, 2001 2000 1999 1998 1997 -------------- -------------- --------------- ------------ ------------- (in thousands, except ratios) Earnings: Pre-tax income (loss) 21,366 6,924 (100,266) (10,045) 1,635 Fixed charges: Convertible debt amortization 229 259 311 426 357 Interest capitalized 0 0 0 260 994 Interest expense, gross 5,199 5,608 6,405 6,557 3,834 -------------- -------------- --------------- ------------ ------------- a) Fixed charges 5,428 5,867 6,716 7,243 5,185 -------------- -------------- --------------- ------------ ------------- b) Earnings for ratio 26,794 12,791 (93,550) (2,802) 6,820 Ratio: Earnings to fixed charges (b/a) 4.9 2.2 n/a n/a 1.3