. . . Exhibit 12.1 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Three Months Year Ended Year Ended Year Ended Year Ended Year Ended Ended 31-Dec 31-Dec 31-Dec 31-Dec 31-Dec 31-Mar 2001 2002 2003 2004 2005 2006 --------- ---------- ---------- ---------- ---------- ----------- CONSOLIDATED STATEMENTS OF INCOME DATA Income (loss) before income taxes $ 11,522 $ 59,129 $ 20,416 $ 90,763 $ 60,140 ($18,117) Add: Portion of rents representative of the interest factor $ 905 $ 890 $ 817 $ 720 $ 595 $ 81 Interest on indebtedness 15,689 15,143 14,269 13,385 13,083 3,393 Amortization of deferred financing costs 195 250 350 374 374 112 -------- -------- -------- -------- -------- -------- Income as adjusted $ 28,311 $ 75,412 $ 35,852 $105,242 $ 74,192 ($14,531) ======== ======== ======== ======== ======== ======== Fixed charges: Portion of rents representative of the interest factor $ 905 $ 890 $ 817 $ 720 $ 595 $ 81 Interest of indebtedness 15,689 15,143 14,269 13,385 13,083 3,393 Amortization of deferred financing costs 195 250 350 374 374 112 -------- -------- -------- -------- -------- -------- Fixed charges $ 16,789 $ 16,283 $ 15,436 $ 14,479 $ 14,052 $ 3,586 ======== ======== ======== ======== ======== ======== Ratio of earnings to fixed charges 1.69x 4.63x 2.32x 7.27x 5.28x (1) ======== ======== ======== ======== ======== ======== - -------------- (1) For the three months ended March 31, 2006 the deficit in earnings to fixed charges totaled $18.1 million.