EX-12 9 c83337exv12.txt RATIO OF EARNINGS TO FIXED CHARGES . . . EXHIBIT 12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (in 000's)
YEARS ENDED DECEMBER 31 2003 2002 2001 2000 1999 ---------- ---------- ---------- --------- ---------- FIXED CHARGES: Interest charges $ 14,091 $ 16,354 $ 20,738 $ 16,521 $ 18,020 Net amortization of debt discount and premium and issuance expense 580 580 364 224 371 Interest portion of rental charges 559 484 455 472 478 ---------- ---------- ---------- --------- ---------- TOTAL FIXED CHARGES $ 15,230 $ 17,418 $ 21,557 $ 17,217 $ 18,869 ========== ========== ========== ========= ========== EARNINGS: Pre-tax earnings $ 96,670 $ 83,895 $ 53,431 $ 101,026 $ 87,225 Interest charges 14,091 16,354 20,738 16,521 18,020 Net amortization of debt discount and Premium and issuance expense 580 580 364 224 371 Interest portion of rental charges 559 484 455 472 478 ---------- ---------- ---------- --------- ---------- TOTAL EARNINGS $ 111,900 $ 101,313 $ 74,988 $ 118,243 $ 106,094 ========== ========== ========== ========= ========== RATIO OF EARNINGS TO FIXED CHARGES 7.3 5.8 3.5 6.9 5.6