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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Good
|
Exhibit 12
(in thousands)
|
| For the three months ended March 31, |
| ||||
|
| 2004 |
| 2003 |
| ||
Fixed Charges Computation: |
|
|
|
|
| ||
Preferred stock dividend |
| $ | 772 |
| $ | 297 |
|
|
|
|
|
|
| ||
Interest expense, including amortization of debt issuance costs, on convertible debt |
| 527 |
| — |
| ||
|
|
|
|
|
| ||
Total fixed charges and preferred dividends |
| 1,299 |
| 297 |
| ||
|
|
|
|
|
| ||
Earnings Computation: |
|
|
|
|
| ||
(Loss) profit before equity in income of investee |
| 4,457 |
| (8,028 | ) | ||
Add: |
|
|
|
|
| ||
Fixed charges |
| 1,299 |
| 297 |
| ||
|
|
|
|
|
| ||
Earnings as adjusted |
| $ | 5,756 |
| $ | (7,731 | ) |
|
|
|
|
|
| ||
Ratio of earning to fixed charges (a) |
| 10.9 | x | N/A |
| ||
|
|
|
|
|
| ||
Ratio of earning to fixed charges and preferred dividends (a) |
| 4.4 | x | N/A |
|
(a) |
| For the three months ended March 31, 2003 earnings were not sufficient to cover fixed charges plus preferred dividends by approximately $8.0 million. |