Exhibit 12.1
Ratio of Earnings to Fixed Charges
(In thousands)
Six Months Ended June 30, | Years Ended December 31, | |||||||||||||||||||||
2008 | 2007 | 2007 | 2006 | 2005 | 2004 | 2003 | ||||||||||||||||
Income before income taxes | $ | 12,858 | $ | 7,254 | $ | 14,455 | $ | 7,468 | $ | 7,068 | $ | 2,700 | $ | 4,215 | ||||||||
Plus fixed charges: | ||||||||||||||||||||||
Interest expense | 1,532 | 576 | 2,145 | - | 117 | 260 | 116 | |||||||||||||||
Estimate of the interest within rental expense | - | - | - | - | - | - | - | |||||||||||||||
Total fixed charges | 1,532 | 576 | 2,145 | - | 117 | 260 | 116 | |||||||||||||||
Fixed charges | 1,532 | 576 | 2,145 | - | 117 | 260 | 116 | |||||||||||||||
Earnings to fixed charges | $ | 12,858 | $ | 7,254 | $ | 14,455 | $ | 7,468 | $ | 7,185 | $ | 2,960 | $ | 4,331 | ||||||||
Ratio of earnings to fixed charges | 8.39 | x | 12.59 | x | 6.74 | x | n/a | 61.41 | x | 11.38 | x | 37.34 | x |