EX-12.01 3 a81547p1ex12-01.txt EXHIBIT 12.01 EXHIBIT 12.01 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
THREE MONTHS ENDED YEAR ENDED DECEMBER 31, MARCH 31, ---------------------------------------------------------- ------------------ 1997 1998 1999 2000 2001 2001 2002 ------ ------ ------ -------- ------- ------ ------ Earnings: Income (loss) Before Taxes 24,919 23,210 (5,736) (149,520) (42,724) (7,715) (5,328) Adjust - Minority Interest 43 126 (722) (7,582) -- -- -- ------ ------ ------ -------- ------- ------ ------ PRE-TAX INCOME (LOSS) ADJUSTED FOR MINORITY INTEREST 24,962 23,336 (6,458) (157,102) (42,724) (7,715) (5,328) ====== ====== ====== ======== ======= ====== ====== Fixed Charges: Interest Expense 81 4,460 5,747 4,231 3,167 144 2,187 Rent Expense ( x 33.33%) 898 1,230 2,057 3,025 2,410 586 638 ------ ------ ------ -------- ------- ------ ------ TOTAL FIXED CHARGES 979 5,690 7,804 7,256 5,577 730 2,825 ====== ====== ====== ======== ======= ====== ====== PRE-TAX INCOME (LOSS) ADJUSTED FOR MINORITY INTEREST PLUS TOTAL FIXED CHARGES 25,941 29,026 1,346 (149,846) (37,147) (6,985) (2,503) ====== ====== ====== ======== ======= ====== ====== Ratio of Earnings to Fixed Charges (1) 26.50 5.10 (A) (B) (C) (D) (E)
(1) The ratio of earnings to fixed charges has been computed by dividing earnings available for fixed charges (earnings before income taxes and adjustment for minority interest in consolidated subsidiaries plus fixed charges) by fixed charges (interest expense plus portion of rental expense that represents interest). (A) Earnings were inadequate to cover fixed charges by $6,458. (B) Earnings were inadequate to cover fixed charges by $157,102. (C) Earnings were inadequate to cover fixed charges by $42,724. (D) Earnings were inadequate to cover fixed charges by $7,715. (E) Earnings were inadequate to cover fixed charges by $5,328.