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EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollar amounts in thousands)
For the Six Months Ended | ||||||||
June 30, | ||||||||
2008 | 2007 | |||||||
EARNINGS | ||||||||
Pre-tax income from continuing operations | $ | 20,858 | $ | 9,979 | ||||
Fixed charges | 6,210 | 6,258 | ||||||
Total | $ | 27,068 | $ | 16,237 | ||||
FIXED CHARGES | ||||||||
Interest expense and amortization of debt discount | ||||||||
and premium on all indebtedness | $ | 5,475 | $ | 5,659 | ||||
Interest portion of rental expenses | 735 | 599 | ||||||
Total fixed charges | $ | 6,210 | $ | 6,258 | ||||
Ratio of earnings to fixed charges | 4.4 | x | 2.6 | x | ||||