Exhibit 12.1
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO
COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(In thousands)
Year Ended December 31, ----------------------------------------------------- 2000 2001 2002 2003 2004 --------- --------- --------- --------- --------- Earnings: Income before income taxes $ 47,520 $ 50,430 $ 87,759 $ 103,187 $ 114,258 Plus: fixed charges per below 29,239 30,619 32,983 33,649 24,147 Less: capitalized interest per below 8 213 218 29 167 Plus: current period amortization of interest capitalized in prior periods -- 4 9 9 13 --------- --------- --------- --------- --------- Total earnings $ 76,751 $ 80,840 $ 120,533 $ 136,816 $ 138,251 ========= ========= ========= ========= ========= Fixed charges Interest expense $ 28,491 $ 29,571 $ 31,372 $ 31,666 $ 21,724 Capitalized interest 8 213 218 29 167 Interest portion of rent expense 740 835 1,393 1,954 2,256 --------- --------- --------- --------- --------- Total fixed charges $ 29,239 $ 30,619 $ 32,983 $ 33,649 $ 24,147 ========= ========= ========= ========= ========= Ratio of earnings to fixed charges 2.6 2.6 3.7 4.1 5.7 ========= ========= ========= ========= =========