EX-12.1 4 h16722exv12w1.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES . . . EXHIBIT 12.1 RATIO OF EARNINGS TO FIXED CHARGES
6 MONTHS YEARS ENDED SEPTEMBER 30, ENDED ---------------------------------------------------------- MARCH 31, 1999 2000 2001 2002 2003 2004 ------ ------ ------ ------ ------ --------- PRE-TAX INCOME 46,507 35,898 41,121 38,777 1,636 2,171 TOTAL FIXED CHARGES LESS CAPITALIZED INTEREST 4,258 4,016 3,081 1,820 5,184 4,757 AMORTIZATION OF CAPITALIZED INTEREST 215 234 399 206 1,223 202 ------ ------ ------ ------ ----- ----- TOTAL EARNINGS 50,980 40,148 44,601 40,803 8,043 7,130 ====== ====== ====== ====== ===== ===== NET INTEREST EXPENSE 4,172 3,907 2,939 1,658 5,014 4,668 INTEREST PORTION OF RENTAL EXPENSE 86 109 142 162 170 89 CAPITALIZED INTEREST 470 -- 480 2,314 4,246 -- ------ ------ ------ ------ ----- ----- TOTAL FIXED CHARGES 4,728 4,016 3,561 4,134 9,430 4,757 ====== ====== ====== ====== ===== ===== RATIO 10.8 10.0 12.5 9.9 0.9(1) 1.5 DEFICIENCY -- -- -- -- 1,387 --
(1) Earnings were insufficient to cover fixed charges by $1,387,000 for the fiscal year ended September 30, 2003.