EX-12.1 4 a2156974zex-12_1.htm EXHIBIT 12.1
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Exhibit 12.1


COMPUTATION OF RATIO OF EARNINGS TO
FIXED CHARGES (UNAUDITED)

 
  2000
  2001
  2002
  2003
  2004
  Pro Forma
2004

 
Earnings                          
Income (loss) before income taxes   7,791   (46,990 ) (5,102 ) (9,655 ) 41,474   53,717  
Equity in earnings of affiliates   (455 ) (250 ) (182 ) (485 ) (646 ) (646 )
Net interest expense (excluding capitalized interest)   36,230   40,199   42,017   49,877   36,845   47,173  
Portion of rent expense under long-term operating leases representative of an interest factor   1,014   783   806   950   994   3,205  
  Total earnings (loss)   44,580   (6,258 ) 37,539   40,687   78,667   103,449  

Fixed charges

 

 

 

 

 

 

 

 

 

 

 

 

 
Interest expense (including capitalized interest)   37,498   40,899   42,467   50,288   37,696   48,024  
Portion of rent expense under long-term operating leases representative of an interest factor   1,014   783   806   950   994   3,205  
    Total fixed charges   38,512   41,682   43,273   51,238   38,690   51,229  
Ratio of earnings to fixed charges   1.2 x (1 ) (2 ) (3 ) 2.0 x 2.0 x

(1)
Earnings did not cover charges by $47.9 million.

(2)
Earnings did not cover charges by $5.7 million.

(3)
Earnings did not cover charges by $10.6 million.



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COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)