EX-12.1 31 a2135327zex-12_1.htm EXHIBIT 12.1

Exhibit 12.1

Statement Regarding Computation of Ratio of Earnings to Fixed Charges

 
  Year ended December 31
  Quarter ended March 31
 
  1999
  2000
  2001
  2002
  2003
  2003
  2004
Income (loss) before income taxes   $ 17,028   $ (214 ) $ (24,678 ) $ 24,327   $ 21,571   $ 6,097   $ 5,789
Equity in operations of investee     496     431     380     (184 )                
   
 
 
 
 
 
 
Total earnings     17,524     217     (24,298 )   24,143     21,571     6,097     5,789

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
  Interest expense                       1,181     2,300     487     616
  Interest portion of rent expense     710     500     300     333     467     155     124
   
 
 
 
 
 
 
Total fixed charges     710     500     300     1,514     2,767     642     740
   
 
 
 
 
 
 
Total earnings before fixed charges   $ 18,234   $ 717   $ (23,998 ) $ 25,657   $ 24,338   $ 6,739   $ 6,529
   
 
 
 
 
 
 
Ratio of earnings to fixed charges     25.7     1.4     N/A     16.9     8.8     10.5     8.8