Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
For purposes of computing the ratio of earnings to fixed charges, earnings consist of earnings before income taxes and fixed charges. Fixed charges consist of interest expense on all indebtedness (whether paid or accrued plus discount amortization), amortization of deferred debt issuance costs and original issue discount, the interest component of all payments associated with capital lease obligations, and one-third of the rental expense, deemed representative of that portion of rental expense estiamted to be attributable to interest.
| | For the Year Ended December 31, | For the Nine Months Ended September 30, | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | 1998 | 1999 | 2000 | 2001 | 2002 | 2002 | 2003 | ||||||||||
| Earnings: | |||||||||||||||||
| Income (loss) before income taxes | 6,182 | (3,814 | ) | (10,456 | ) | 4,743 | (14,340 | ) | (8,560 | ) | (44,221 | ) | |||||
| Fixed charges — Interest expense | 11,087 | 18,106 | 23,536 | 18,828 | 30,529 | 19,597 | 30,932 | ||||||||||
| Total earnings | 17,269 | 14,292 | 13,080 | 23,571 | 16,189 | 11,037 | (13,289 | ) | |||||||||
| Fixed Charges: | |||||||||||||||||
| Interest Expense | 11,087 | 18,106 | 23,536 | 18,828 | 30,529 | 19,597 | 30,932 | ||||||||||
| Ratio of earnings to fixed charges | 1.6 | x | 0.8 | x | 0.6 | x | 1.3 | x | 0.5 | x | 0.6 | x | (0.4 | )x | |||
