Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(In Thousands)
Six Months Ended June 30, | Year Ended December 31, | ||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2006 | 2005 | 2005 | 2004 | 2003 | 2002 | 2001 | |||||||||||||||||
Earnings | |||||||||||||||||||||||
Income (loss) before taxes | $ | (1,003 | ) | $ | 3,787 | $ | 22,756 | $ | 14,074 | $ | 13,989 | $ | 5,958 | $ | 6,061 | ||||||||
Fixed charges | 3,641 | 1,575 | 6,419 | 2,980 | 2,756 | 3,036 | 2,930 | ||||||||||||||||
Total earnings | $ | 2,638 | $ | 5,362 | $ | 29,175 | $ | 17,054 | $ | 16,745 | $ | 8,994 | $ | 8,991 | |||||||||
Fixed Charges | |||||||||||||||||||||||
Interest expense & amortization of debt costs | $ | 1,175 | $ | 512 | $ | 2,553 | $ | 1,047 | $ | 956 | $ | 1,236 | $ | 1,053 | |||||||||
Interest expense in rent | 2,466 | 1,063 | 3,866 | 1,933 | 1,800 | 1,800 | 1,877 | ||||||||||||||||
Total fixed charges | $ | 3,641 | $ | 1,575 | $ | 6,419 | $ | 2,980 | $ | 2,756 | $ | 3,036 | $ | 2,930 | |||||||||
Insufficient coverage | $ | 1,003 | N/A | N/A | N/A | N/A | N/A | N/A | |||||||||||||||
Ratio of earnings to fixed charges | N/A | 3.4x | 4.5x | 5.7x | 6.1x | 3.0x | 3.1x |