Exhibit 12.1
Computation of Ratios of Earnings to Fixed Charges
(In thousands)
(In thousands)
(unaudited) | (unaudited) Nine months ended | |||||||||||||||||||||||||||
Year Ended December 31, | September 30, | |||||||||||||||||||||||||||
2001 | 2002 | 2003 | 2004 | 2005 | 2005 | 2006 | ||||||||||||||||||||||
2001 | ||||||||||||||||||||||||||||
Earnings | ||||||||||||||||||||||||||||
Income (loss) before income taxes and minority interest | $ | 59,232 | $ | 36,673 | $ | 34,204 | $ | 11,780 | $ | (25,705 | ) | $ | 2,606 | $ | (19,830 | ) | ||||||||||||
Plus: | ||||||||||||||||||||||||||||
Distributed income of equity investee | 4,918 | 4,659 | 4,900 | 980 | — | — | — | |||||||||||||||||||||
Equity (earnings) loss | (6,384 | ) | (6,379 | ) | (4,429 | ) | 1,435 | 4,100 | 1,381 | (1,986 | ) | |||||||||||||||||
Fixed Charges | 11,080 | 10,173 | 15,501 | 15,389 | 17,521 | 11,759 | 31,512 | |||||||||||||||||||||
Capitalized interest | — | — | — | — | (211 | ) | — | (458 | ) | |||||||||||||||||||
Minority interest | — | — | — | — | (34 | ) | (98 | ) | (66 | ) | ||||||||||||||||||
Total Earnings | 68,846 | 45,126 | 50,176 | 29,584 | (4,329 | ) | 15,648 | 9,172 | ||||||||||||||||||||
Fixed charges | ||||||||||||||||||||||||||||
Interest expense | 9,360 | 8,263 | 13,436 | 13,049 | 15,255 | 10,240 | 29,360 | |||||||||||||||||||||
Capitalized interest | — | — | — | — | 211 | — | 458 | |||||||||||||||||||||
Rental expense representative of interest factor | 1,720 | 1,910 | 2,065 | 2,340 | 2,055 | 1,519 | 1,694 | |||||||||||||||||||||
Total fixed charges | $ | 11,080 | $ | 10,173 | $ | 15,501 | $ | 15,389 | $ | 17,521 | $ | 11,759 | $ | 31,512 | ||||||||||||||
Ratio of earnings to fixed charges | 6.2 | 4.4 | 3.2 | 1.9 | — | 1.3 | — | |||||||||||||||||||||