COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollar amounts in thousands)
For the three months ended March 31, | ||||||||
2002 | 2001 | |||||||
EARNINGS | ||||||||
Pre-tax loss | $ | (26,585 | ) | $ | (2,549 | ) | ||
Fixed charges | 896 | 2,499 | ||||||
Total | $ | (25,689 | ) | $ | (50 | ) | ||
FIXED CHARGES | ||||||||
Interest expense and amortization of debt discount | ||||||||
and premium on all indebtedness | $ | 527 | $ | 2,195 | ||||
Interest portion of rental expenses | 369 | 304 | ||||||
Total fixed charges | $ | 896 | $ | 2,499 | ||||
Ratio of earnings to fixed charges | (a) | (a) | ||||||
(a) Earnings were insufficient to cover fixed charges by $26.6 million and $2.5 million in 2002 and 2001, respectively.