EXHIBIT 12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Three Months Ended Sept. 30 Sept. 30 2000 1999 -------- -------- (Thousands of Dollars)
Income before income taxes, extraordinary item and cumulative effect of accounting changes $ 9,438 $18,626 Amortization of capitalized interest 616 608 Interest expense 8,081 6,853 Interest portion of rental expense 648 555 -------- -------- Earnings $18,783 $26,642 ======== ========
Interest $ 8,462 $ 7,654 Interest portion of rental expense 648 555 -------- -------- Fixed Charges $ 9,110 $ 8,209 ======== ========
Ratio of Earnings to Fixed Charges 2.06 3.25 ======== ========