1
Exhibit 12
STATEMENT SETTING FORTH COMPUTATION OF RATIO OF
EARNINGS TO FIXED CHARGES
The The
Predecessor Company
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Year Ended December 31, January 1, 1996 August 1, 1996
--------------------------------- to July 31, to December 31,
1992 1993 1994 1995 1996 1996
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Determination of Earnings:
Income (loss) from continuing operations before
income taxes and cumulative effect of
accounting changes and extraordinary item 6,810 4,157 4,402 5,503 1,209 1,139
Fixed charges expensed 4,213 4,730 5,562 8,706 4,027 2,970
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Earnings plus fixed charges 11,023 8,887 9,964 14,209 5,236 4,109
Determination of Fixed Charges:
Interest on indebtedness 2,824 2,718 3,523 6,612 2,796 2,090
Rental expense representative of an
interest factor 1,389 2,012 2,039 2,094 1,231 880
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Total fixed charges 4,213 4,730 5,562 8,706 4,027 2,970
Ratio of earnings to fixed charges 2.6 1.9 1.8 1.6 1.3 1.4
Adjusted
Adjusted Combined
Combined for the
for the Nine Months
Year Ended Ended
December 31, September 30, September 30,
1996 1996 1996
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Determination of Earnings:
Income (loss) from continuing operations before
income taxes and cumulative effect of
accounting changes and extraordinary item 2,348 168 (1,979)
Fixed charges expensed 6,997 5,285 8,406
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Earnings plus fixed charges 9,345 5,453 6,427
Determination of Fixed Charges:
Interest on indebtedness 4,886 3,702 6,646
Rental expense representative of an
interest factor 2,111 1,583 1,760
Total fixed charges 6,997 5,285 8,406
Ratio of earnings to fixed charges 1.3 1.0 0.8