EXHIBIT 12.1
Ratio of Earnings to Fixed Charges
| Six Months | ||||||||||||||||||||||||
| Year Ended December 31, | Ended June 30, | |||||||||||||||||||||||
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | |||||||||||||||||||
| (Dollars in Thousands) | ||||||||||||||||||||||||
| Income (Loss) from Continuing Operations | $ | 496 | $ | 1,992 | $ | 2,661 | $ | (4,364 | ) | $ | 3,468 | $ | 4,451 | |||||||||||
| Plus: Income Taxes | 359 | 1,727 | 1,753 | (2,476 | ) | 2,248 | 2,989 | |||||||||||||||||
| Fixed Charges | 10,615 | 7,321 | 5,494 | 4,761 | 10,841 | 8,491 | ||||||||||||||||||
| Earnings Available for Fixed Charges | 11,470 | 11,040 | 9,908 | (2,079 | ) | 16,557 | 15,931 | |||||||||||||||||
| Fixed Charges: | ||||||||||||||||||||||||
| Interest Expense | 10,295 | 6,996 | 5,225 | 4,454 | 10,438 | 8,305 | ||||||||||||||||||
| Estimate Portion of Rental Expense Equivalent to Interest | 320 | 325 | 269 | 307 | 403 | 186 | ||||||||||||||||||
| Total Fixed Charges | 10,615 | 7,321 | 5,494 | 4,761 | 10,841 | 8,491 | ||||||||||||||||||
Ratio of Earnings to Fixed Charges | 1.1 | 1.5 | 1.8 | -0.4 | 1.5 | 1.9 | ||||||||||||||||||
Calculation of Rental Expense Equivalent to Interest | ||||||||||||||||||||||||
| Rental Expense | 959 | 974 | 806 | 921 | 1,209 | 559 | ||||||||||||||||||
| Estimated % Equivalent to Interest | 33.3 | % | 33.3 | % | 33.3 | % | 33.3 | % | 33.3 | % | 33.3 | % | ||||||||||||
| Estimate Portion of Rental Expense Equivalent to Interest | 320 | 325 | 269 | 307 | 403 | 186 | ||||||||||||||||||