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EXHIBIT 12.1
RATIO OF EARNINGS TO FIXED CHARGES
<Table>
<Caption>
For the Six Months
Ended June 30, Year Ended December 31,
------------------ ------------------------------------------------
2003 2002 2002 2001 2000 1999 1998
------ ------ ------- ------- ------ ------ -------
Pre-tax income (loss) from continuing operations before
adjustments for minority interests in consolidated
subsidiaries or income or loss from equity investees(A) $55,979 $38,650 $ 74,829 $ 36,296 $19,835 $(6,633) $(16,482)
====== ====== ======= ======= ====== ====== =======
Fixed charges:
Interest expense and amortization of
debt discount and premium on all indebtedness 12,048 13,593 27,210 29,716 36,126 21,461 5,382
Rentals:
Buildings -- 33% 11,739 10,874 22,119 19,810 18,394 8,899 2,865
Office and other equipment -- 33% 3,166 3,135 6,286 5,397 4,516 3,428 1,094
Preferred stock dividend requirements of consolidated
subsidiaries(A) -- -- -- 2,777 24,121 4,065 2,565
------ ------ ------- ------- ------ ------ -------
Total fixed charges $26,953 $27,602 $ 55,615 $ 57,700 $83,157 $37,853 $ 11,906
====== ====== ======= ======= ====== ====== =======
Pre-tax income (loss) from continuing operations before
adjustment for minority interests in consolidated
subsidiaries or income or loss from equity investees
plus fixed charges, less preferred stock dividend
requirements of consolidated subsidiaries $82,932 $66,252 $130,444 $ 91,219 $78,871 $27,155 $ (7,141)
====== ====== ======= ======= ====== ====== =======
Ratio of earnings to fixed charges 3.08 2.40 2.35 1.58 (B) (B)(C) (B)(C)
====== ====== ======= ======= ====== ====== =======
</Table>
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(A) The preferred stock dividend requirements of consolidated subsidiaries is
included in fixed charges (i.e., the denominator of the ratio calculation)
but excluded from the numerator of the ratio calculation because such
amount was not deducted in arriving at the pre-tax income (loss) from
continuing operations, as defined.
In April 2002, the Financial Accounting Standards Board (FASB) issued SFAS
No. 145 "Rescission of FASB Statements No. 4, 44, and 64, Amendment of
FASB Statement No. 13, and Technical Corrections." As a result of
rescinding SFAS No. 4, "Reporting Gains and Losses from Extinguishment of
Debt," the requirement that gains and losses from the extinguishment of
debt be aggregated and, if material, classified as an extraordinary item,
net of the related income tax effect is eliminated. The Company reported
extraordinary items in 2000 and 2001 as a result of debt extinguishments.
The provisions of SFAS 145 that affect the Company are effective for fiscal
periods beginning after May 15, 2002, although early adoption of SFAS 145
is permitted. In accordance with the provisions of SFAS No. 145, the
Company adopted this pronouncement in the first quarter of 2003. As a
result of the adoption of SFAS No. 145 the Company reclassified its
extraordinary items recorded in 2000 and 2001 to the other income and
expense category of its consolidated statement of operations.
(B) In 1998, 1999 and 2000, the ratio coverage was less than 1:1. The Company
would have had to generate additional earnings of approximately $19.0
million, $10.7 million and $4.3 million in 1998, 1999 and 2000,
respectively, to achieve a coverage ratio of 1:1.
(C) Included in earnings for 1998 and 1999 were special charges of $10.2
million and $5.2 million, respectively, relating to asset impairments and
litigation settlement costs. If such charges were not taken the Company
would have needed to generate additional earnings of $8.8 million and $5.5
million in 1998 and 1999, respectively, to achieve a coverage ratio of 1:1.