Exhibit 12.1
The following illustrates the computation of the historical ratio of earnings to fixed charges:
| FISCAL YEAR ENDED DECEMBER 31, | NINE MONTHS 2003 | ||||||||||||||||||||||
| 1998 | 1999 | 2000 | 2001 | 2002 | |||||||||||||||||||
Fixed Charges : | |||||||||||||||||||||||
Interest on debt and capitalized leases | $ | 2,476 | $ | 5,852 | $ | 9,873 | $ | 7,926 | $ | 6,706 | $ | 10,987 | |||||||||||
Amortization of debt discount and expense | 300 | 414 | 572 | 1,159 | 1,945 | 1,980 | |||||||||||||||||
Interest element of rentals * | 2,101 | 3,698 | 3,572 | 3,698 | 3,484 | 2,985 | |||||||||||||||||
Investee’s fixed charges | — | — | 241 | 487 | — | — | |||||||||||||||||
Total Fixed Charges | $ | 4,877 | $ | 9,964 | $ | 14,258 | $ | 13,270 | $ | 12,135 | $ | 15,952 | |||||||||||
Earnings : | |||||||||||||||||||||||
Net income (loss) | $ | (28,669 | ) | $ | 50,915 | $ | 68,018 | $ | 15,301 | $ | (93,902 | ) | $ | 41,355 | |||||||||
Add back: | |||||||||||||||||||||||
Loss (Income) from discontinued operations | 60,686 | (12,169 | ) | (6,413 | ) | (4,712 | ) | 117,875 | — | ||||||||||||||
Income tax provision | 23,376 | 28,404 | 43,522 | 6,770 | 13,613 | 26,775 | |||||||||||||||||
Loss on equity method investment | — | — | 3,329 | 5,741 | — | — | |||||||||||||||||
Fixed charges less interest capitalized | 4,868 | 9,944 | 14,244 | 13,065 | 12,135 | 15,952 | |||||||||||||||||
Total Earnings | $ | 60,261 | $ | 77,094 | $ | 122,700 | $ | 36,165 | $ | 49,721 | $ | 84,082 | |||||||||||
Ratio of Earnings to Fixed Charges | 12.4 | 7.7 | 8.6 | 2.7 | 4.1 | 5.3 | |||||||||||||||||
| * | We determined the interest component of rent expense to be 10%. |
