Exhibit 12.1
| |
Twelve months ended December 31, |
Six months ended June |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| |
1999 |
2000 |
2001 |
2002 |
2003 |
2003 |
2004 |
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| Earnings (losses): | ||||||||||||||||||||||
Income (loss) before provision for income taxes and cumulative effect of changes in accounting principles and minority interest income (loss) |
$ |
13,844 |
$ |
13,753 |
$ |
8,521 |
$ |
11,705 |
$ |
6,730 |
$ |
7,006 |
$ |
(666 |
) |
|||||||
Add: fixed charges as adjusted (from below) |
10,322 |
19,725 |
25,587 |
23,698 |
22,580 |
11,647 |
10,739 |
|||||||||||||||
| 24,166 | 33,478 | 34,108 | 35,403 | 29,310 | 18,653 | 10,073 | ||||||||||||||||
Fixed charges: |
||||||||||||||||||||||
Interest expense |
9,211 |
17,160 |
21,075 |
20,408 |
18,883 |
9,615 |
9,803 |
|||||||||||||||
| Amortization of debt issuance costs | 511 | 1,332 | 2,012 | 1,113 | 1,157 | 578 | 578 | |||||||||||||||
| Rent expense attributable to interest cost | 1,800 | 3,233 | 3,800 | 3,000 | 3,300 | 1,854 | 1,058 | |||||||||||||||
| Fixed charges | 11,522 | 21,725 | 26,887 | 24,521 | 23,340 | 12,047 | 11,439 | |||||||||||||||
| Less: capitalized interest | (1,200 | ) | (2,000 | ) | (1,300 | ) | (823 | ) | (760 | ) | (400 | ) | (700 | ) | ||||||||
Fixed charges as adjusted |
$ |
10,322 |
$ |
19,725 |
$ |
25,587 |
$ |
23,698 |
$ |
22,580 |
$ |
11,647 |
$ |
10,739 |
||||||||
Ratio of earnings to fixed charges |
2.1 |
1.5 |
1.3 |
1.4 |
1.3 |
1.5 |
|
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