Exhibit 12.2
Ratio/Deficiency of Earnings to Fixed Charges
Year Ended December 31,
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1996 1997 1998 1999 2000
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(dollars in thousands)
Earnings:
Income (Loss) before taxes...................... $3,300 $5,863 $ (21,425) (33,664) $ (27,682)
Plus: fixed charges, less preferred dividends 495 876 17,677 $ (28,215) 32,092
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Total Earnings................................... $3,795 $6,739 $ (3,748) $ (5,449) $ 4,410
Fixed Charges:
Interest Expense................................ $ 139 $ 407 $ 1,197 $ 5,244 $ 4,878
Preferred Dividends............................. - 983 2,575 - -
Amortization of Original Issue Discount and
Debt Issue Costs............................... - - 15,710 22,063 26,006
Interest Component of Operating Leases.......... 356 469 770 908 1,208
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Total Fixed Charges.............................. $ 495 $1,859 $ 20,252 $ 28,215 $ 32,092
Ratio of Earnings to Fixed Charges............... 7.7x 3.6x - - 0.1x
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Total Deficiency................................. - - $ 24,000 $ 33,664 -
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