Exhibit 12.1 - - ------------------------------------------------------------- -- ------- -- ------- --- ------- -- -------- --- ------- (Dollars in millions) 1999 1998 1997 1996 1995 - - ------------------------------------------------------------- -- ------- -- ------- --- ------- -- -------- --- ------- Income (loss) from continuing operations before income $ (25.0) $ 78.8 $ 50.7 $ (15.8) $ 6.5 taxes * Interest expense, including amortization of debt issuance $ 73.9 $ 38.7 $ 25.8 $ 21.6 $ 8.7 costs Portion of rental expense deemed to represent interest 3.1 2.7 2.5 1.5 1.0 - - ------------------------------------------------------------- -- ------- -- ------- --- ------- -- -------- --- ------- Total fixed charges $ 77.0 $ 41.4 $ 28.3 $ 23.1 $ 9.7 Earnings before fixed charges $ 52.0 $ 120.2 $ 79.0 $ 7.3 $ 16.2 Fixed charges $ 77.0 $ 41.4 $ 28.3 $ 23.1 $ 9.7 Ratio of earnings to fixed charges 0.7x 2.9x 2.8x - 1.7x Deficiency of earnings to fixed charges - - - $ 15.8 - - - ------------------------------------------------------------- -- ------- -- ------- --- ------- -- -------- --- ------- <FN> * Includes equity in income and write-down in investments in affiliated companies. </FN> 170