Exhibit 12.1
Ratio of Earnings to Fixed Charges
(In thousands)
Year Ended December 31, | ||||||||||||||||
2003 | 2004 | 2005 | 2006 | 2007 | ||||||||||||
Income before income taxes | $ | 4,215 | $ | 2,700 | $ | 7,068 | $ | 7,468 | $ | 14,455 | ||||||
Plus fixed charges: | ||||||||||||||||
Interest expense | 116 | 260 | 117 | - | 2,145 | |||||||||||
Estimate of the interest within rental expense | - | - | - | - | - | |||||||||||
Total fixed charges | 116 | 260 | 117 | - | 2,145 | |||||||||||
Fixed charges | 116 | 260 | 117 | - | 2,145 | |||||||||||
Earnings to fixed charges | $ | 4,331 | $ | 2,960 | $ | 7,185 | $ | 7,468 | $ | 14,455 | ||||||
Ratio of earnings to fixed charges | 37.34 | x | 11.38 | x | 61.41 | x | n/a | 6.74 | x |