EX-12 3 ex12.txt EXHIBIT 12 EXHIBIT 12 RATIO OF EARNINGS TO FIXED CHARGES (DOLLAR AMOUNTS IN THOUSANDS)
FISCAL YEAR -------------------------------------------------------------- 2002 2001 2000 1999 1998 Income from continuing operations before income taxes 11,772 20,410 7,882 35,776 41,127 Minority Interest in earnings 2,605 4,099 2,058 - - Income from equity investments (729) (250) (30) - - Fixed Charges Interest Expense* 12,816 14,736 18,632 20,226 16,871 Interest Factor of Rent Expense 168 152 128 136 60 ------ ------ ------ ------ ------ Fixed Charges 12,984 14,888 18,760 20,362 16,931 ------ ------ ------ ------ ------ Cash from equity investments 1,106 - - - - ------ ------ ------ ------ ------ Net 27,738 39,147 28,670 56,138 58,058 ------ ------ ------ ------ ------ Ratio of Earnings from continuing operations to fixed charges (times) 2.14 2.63 1.53 2.76 3.43 * INCLUDES AMORTIZATION OF DEFERRED FINANCING COSTS