EX-12.1 5 h33203a1exv12w1.htm STATEMENT RE COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES exv12w1
 

EXHIBIT 12.1

Ratio of Earnings to Fixed Charges
                                         
    For the years ended  
    2005     2004     2003     2002     2001  
Fixed Charges:
                                        
Interest Exp (1)
     9,796       2,817       579       278       2,111  
Cap Int
     2,912       883       451       619       1,001  
Total
     12,708       3,700       1,030       897       3,112  
Earnings:
                                        
Pre-Tax Income
     33,894       24,859       4,481       3,595       17,056  
Add fin cost w/o
     —       —       —       —       —  
Fixed Charges
     12,708       3,700       1,030       897       3,112  
Less:
                                        
Cap Int
     (2,912 )     (883 )     (451 )     (619 )     (1,001 )
     
Total
     43,690       27,676       5,060       3,873       19,167  
 
                                        
Ratio
     3.44       7.48       4.91       4.32       6.16  
     
(1) 2005 interest expense excludes $2.6 million of deferred financing costs that were written off in connection with terminated credit facilities.