Exhibit 12.1
MMLP Ratio of Earnings to Fixed Charges
Three | ||||||||||||||||||||||||||||
January 1 | November 6 | Months | ||||||||||||||||||||||||||
through | through | Year ended | Ended | |||||||||||||||||||||||||
Years ended December 31, | November 5, | December 31, | December 31, | March 31, | ||||||||||||||||||||||||
1999 | 2000 | 2001 | 2002 | 2002 | 2003 | 2004 | ||||||||||||||||||||||
(In Thousands) | ||||||||||||||||||||||||||||
Pre-tax income before minority interest and equity in earnings of partnership | ($2,010 | ) | $ | 1,585 | $ | 5,936 | $ | 2,685 | $ | 2,310 | $ | 9,180 | $ | 3,109 | ||||||||||||||
Distributions from partnership | — | — | 394 | — | 891 | 3,564 | 594 | |||||||||||||||||||||
Fixed Charges | 7,315 | 8,197 | 5,600 | 3,435 | 345 | 2,001 | 704 | |||||||||||||||||||||
Earnings | $ | 5,305 | $ | 9,782 | $ | 11,930 | $ | 6,120 | $ | 3,546 | $ | 14,745 | $ | 4,407 | ||||||||||||||
Fixed Charges Interest Expense (includes any debt amortization) | $ | 7,049 | $ | 7,949 | $ | 5,390 | $ | 3,283 | $ | 345 | $ | 2,001 | $ | 704 | ||||||||||||||
Estimated interest element of rentals | 266 | 248 | 210 | 152 | — | — | — | |||||||||||||||||||||
Total Fixed Charges | $ | 7,315 | $ | 8,197 | $ | 5,600 | $ | 3,435 | $ | 345 | $ | 2,001 | $ | 704 | ||||||||||||||
Ratio of Earnings to Fixed Charges | 0.73 | 1.19 | 2.13 | 1.78 | 10.28 | 7.37 | 6.26 | |||||||||||||||||||||