EX-12 5 c92427exv12.txt RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES ($'s in 000's)
YEARS ENDED DECEMBER 31 2004 2003 2002 2001 2000 ---------- ---------- ----------- ---------- ---------- FIXED CHARGES: Interest charges $ 14,764 $ 14,091 $ 16,354 $ 20,738 $ 16,521 Net amortization of debt discount and premium and issuance expense 580 580 580 364 224 Interest portion of rental charges 552 559 484 455 472 ---------- ---------- ----------- ---------- ---------- TOTAL FIXED CHARGES $ 15,896 $ 15,230 $ 17,418 $ 21,557 $ 17,217 ========== ========== =========== ========== ========== EARNINGS: Pre-tax earnings $ 133,877 $ 96,670 $ 83,895 $ 53,431 $ 101,026 Interest charges 14,764 14,091 16,354 20,738 16,521 Net amortization of debt discount and premium and issuance expense 580 580 580 364 224 Interest portion of rental charges 552 559 484 455 472 ---------- ---------- ----------- ---------- ---------- TOTAL EARNINGS $ 149,773 $ 111,900 $ 101,313 $ 74,988 $ 118,243 ========== ========== =========== ========== ========== RATIO OF EARNINGS TO FIXED CHARGES 9.4 7.3 5.8 3.5 6.9